Thanks in part to a strong supply of off-lease vehicles returning to the market, certified pre-owned (CPO) sales continue to be a bright spot for the auto industry. CPO sales in January were healthy, and there’s nothing that makes us…
ATLANTA, Feb. 26, 2020 – February – like January before it – is known to be a weak month for vehicle sales, and this year should be no different. According to a forecast released by Cox Automotive, new light-vehicle sales…
Tax refunds drive the demand that makes the spring season the most important season of the year for the used-vehicle market. This is week 9 of the year, which is when we expect to see a jump in used retail…
BMW has been the most-shopped luxury vehicle brand for more than a year, but its once-tight grip on the No. 1 spot is slipping, according to Kelley Blue Book Brand Watch™ Report for Q4 2019. The recent decline is attributed…
Housing continues to support growth in the U.S. economy, and consumer credit continues to flow as the Federal Reserve suggests interest rates will remain stable. Housing strong: With mortgage rates again approaching all-time lows, demand for housing is high, but…
Earlier this month, Cadillac pulled a planeload of media into Los Angeles for the world debut of the 2021 Cadillac Escalade. By all accounts, it was a grand event, on point with a boutique hotel in Beverly Hills and replete…
Clutch Technologies recently finalized an integration with one of its fellow companies within the Cox Automotive family along with two other relationships in the vehicle-subscription space. On Wednesday, Nissan announced it’s testing a subscription service model that’s being powered by Clutch.…
At the Cox Automotive press conference at NADA Show 2020, President Sandy Schwartz presented the Cox Automotive Leader in Sustainability Award to Planet Subaru. Following the award presentation, Schwartz and members of his leadership team – including Marianne Johnson, chief product…
Sales of certified pre-owned (CPO) vehicles increased 8% year over year in January, starting the year off with the highest CPO sales for January in a decade. For the month, 215,959 CPO units were sold according to an analysis of…
We continue to expect this year to be “not so bad” for the industry and especially for dealers as a modest decline in new retail sales will be offset by the gain in used retail sales. Consumer spending slowing: Consumer…
