Our team continues to track an elevated number of incentives programs this year, a trend we saw again in August as volume came in ahead of year-ago levels. With inventory up and sales slowing, the higher raw number of programs…
Second quarter real growth in GDP was revised down to 2% from the 2.1% originally reported, but consumer spending was revised higher. Consumer spending: The consumer was also alive and well and spending in July before trade-induced market anxieties and yield…
UPDATE (09/03/19): After reaching Category 5 strength over the weekend and severely impacting parts of the Bahamas, forecasts now predict Hurricane Dorian will steer in a more northern direction and not directly hit Florida. By staying off-shore and following the coastline,…
How will new-car dealers and their manufacturing partners reduce bloated inventory on dealer lots? We’ll get a hint this coming weekend, as the Labor Day holiday puts focus on the trifecta of new-vehicle incentive strategies for clearing lots of older…
The top 10 new luxury and non-luxury retail models registered in the first half of this year show a clear consumer focus on utility vehicles and pickup trucks. Of the top 10 luxury and top 10 non-luxury vehicles sold at…
ATLANTA, Aug. 28, 2019 – Cox Automotive is forecasting U.S. new-vehicle sales volume in August to finish at 1.59 million, up 6.5% from last year, or an increase of nearly 100,000 units. The seasonally adjusted annual rate (SAAR), however, is expected…
Tesla headlined the luxury vehicle story again in the second quarter of 2019 in terms of shopping consideration, consumer perception and ultimately sales, according to the Kelley Blue Book Brand Watch ™ for luxury vehicles. Kelley Blue Book Brand Watch is…
Last week was a light one for new economic data, but the news on home sales this summer looks encouraging with the pace of sales finally seeing gains year over year as a result of lower mortgage rates. U.S.-China trade: The…
Annual per capita miles driven in the United States has plateaued since the Great Recession. In the mid-2000s miles driven peaked at around 13,200 per capita (population aged 16+) then decreased every year between 2006 and 2014. A tepid, flat-income…
Four major automakers recently announced they had agreed to voluntarily meet California’s tougher fuel economy standards, while the Environmental Protection Agency attempts to weaken federal fuel economy rules. BMW, Ford, Honda and Volkswagen have said they will increase the fuel…
