Auto Remarketing, March 3, 2020 – In 1945, World War II came to an end, kicking off an era of economic expansion in the United States that would eventually include the auto industry. That same year, a one-lane auto auction opened in southern Pennsylvania. Less than 15 years later, with the auto industry humming along, Manheim Auto … Continued
The coronavirus captured most of last week’s headlines. The situation remains dynamic, and the future is uncertain. It is unclear how it will impact the U.S. economy and auto market. If the U.S. does not see a severe outbreak leading to U.S. travel restrictions and quarantines like China, South Korea, Japan and Italy have seen, … Continued
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 believe anything will be different in February. In fact, with tax return season on the … Continued
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 volume is expected to rise nearly 6% compared to last February and 16% compared to … Continued
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 sales. Week 9 should correspond to when about half of tax refunds have been distributed … Continued
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 to fading interest in cars and other luxury vehicle brands, including Audi and Tesla, gaining … Continued
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 supply is tight. Existing homes are appreciating much more than normal, which encourages more new … Continued
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 with drinks and delicate food, product displays and Cadillac cues. The media coverage was solid, … Continued
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. According to a news release, Nissan is launching what it’s called “on-demand driving” through its … Continued
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 officer, Cox Automotive; Grace Huang, president, Manheim; Keith Jezek, president, Cox Automotive Retail Solutions Group; … Continued
