New-vehicle sales were strong in November – strong enough to all but guarantee a full-year sales total for 2019 in the 17-million neighborhood, the fifth year in a row we’ve pushed sales above the magic 17 million mark. We’re in a…
The number of new vehicles in inventory at the start of December declined after a strong November sales month. New-vehicle inventory for November came in at 3.6 million units, slightly lower than October. It was the seventh consecutive month that…
The Fed officially left short-term rate policy unchanged at the conclusion of their December meeting today, which was the last meeting in 2019. After three rate cuts this year, the Fed seems set on a steady course in 2020 barring…
CBT News, Dec. 2, 2019 – Jim Fitzpatrick spoke with Charlie Chesbrough, senior economist and senior director of industry insights at Cox Automotive, to receive an overview of this November’s numbers and what we can expect from Q4 and beyond. Charlie addressed headwinds,…
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchised and independent auto dealers from around the country, the Cox Automotive Dealer Sentiment Index (CADSI) measures dealer perceptions of current retail auto sales and sales…
ATLANTA, Dec. 9, 2019 – According to the Q4 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers continue to view the current market as negative, with an index score of 47. The slight decrease from Q3’s…
The first week of December delivered strong readings related to the job market, consumer sentiment and retail vehicle sales. Jobs, jobs, jobs: November saw the second-best number of jobs created for the year and dramatically surprised to the upside. The…
Strong fleet sales have supported the new-vehicle market this year, but growth is slowing down. Combined rental, commercial and government purchases of new vehicles were down 9.3% year over year in November. Total fleet volume in November was 184,793, compared…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.98% month-over-month in November. This brought the Manheim Used Vehicle Value Index to 138.9, a 0.1% decrease from a year ago, and the second consecutive year-over-year decline…
While fewer automakers are reporting monthly sales numbers, the team at Cox Automotive has been tracking results as they can. Our take: November was another solid month of auto sales in the U.S. There were plenty of incentives in play…
