I regularly speak to consignors about the importance of using technology and data to make faster, smarter decisions. We know that every day is sale day now that nearly half of all wholesale vehicles are purchased through a digital channel.…
ATLANTA, Nov. 26, 2019 – The November light vehicle market is not expected to be a turkey, according to a Cox Automotive sales forecast released today, but it isn’t expected to fly either. The seasonally adjusted annual rate (SAAR) is…
Automotive News, Nov.25, 2019 – Automotive News named its 2019 All Stars. Dale Pollak, Cox Automotive executive vice president and founder of vAuto, was recognized for his leadership in software innovation. According to Automotive News, Dale Pollak has redefined the way…
The past week failed to deliver clarity on a number of topics that we had been waiting for while we got good news on housing and concerning news on credit. Global trade uncertainty: The week did not deliver clarity on…
UPDATE, Nov. 22, 2019 – With the unveiling of the Tesla Cybertruck, the analysts and editors at Kelley Blue Book and Autotrader provided some initial comments based on what they saw, either live or through the webcast. From Karl Brauer, executive…
Auto manufacturers are cranking up incentive programs for the year-end close-out. The advertised offers look very compelling, but the level of conditions to qualify for the most attractive mix of programs could not be any more complex. In other words,…
The inflation trend is mixed. Depending on the metric and comparison period, it is possible to say inflation is stable, accelerating or decelerating. Using the Consumer Price Index, aggregate inflation is below the Fed’s target but accelerating as energy, food,…
Sales of certified pre-owned (CPO) vehicles increased 8% year over year in October and were up 12% month over month compared to September. For the month, 230,346 CPO units were sold. This year CPO sales are up 2.9% versus 2018,…
Luxury vehicle shopping was as robust in the third quarter as it was in the previous quarter or a year ago, driven by interest in SUVs and Tesla, according to the Q3 Kelley Blue Book Brand Watch™. Kelley Blue Book…
We’ve combed through October auto sales results in the U.S., looked at retail, fleet, CPO and the individual brands. We know the headlines, as you do as well: Sales were slower than expected and the seasonally adjusted annual rate (SAAR)…
