ATLANTA, Aug. 12, 2019 – The Cox Automotive Mobility Group white paper entitled Ready or Not, Mobility Is Transforming the Automotive Industry shares industry-leading research and insights on how dealers can capitalize on a variety of new mobility services, such…
It was a relatively quiet week for new economic data but featured plenty of stock market volatility amidst continued trade war drama. Consumer credit growth slows: Consumer credit growth is slowing as credit card borrowing is declining and auto lending is…
New-vehicle sales remain weak versus last year and are down 2% year-to-date in 2019. It would be worse without strong fleet sales. Retail sales are down 3% and fleet sales are up 6% this year. The used-vehicle market, on the…
Toyota reported higher earnings, beating analysts’ forecasts, for the April-June quarter, Q1 in Toyota’s fiscal year that ends March 31, 2020. [The April-June quarter is referenced as Q2 in charts below.] Net income was up at $6.2 billion on higher revenue…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.01% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 140.5, a 2.6% increase from a year ago. After seeing steady to slightly higher…
As has been the case all year, July saw a gain in fleet sales with roughly 175,000 units entering various fleet channels. Combined rental, commercial and government purchases of new vehicles were up 8% year over year in July, but…
Job growth is slowing as the underemployment rate declines to near historic lows, but job creation in July was exactly in line with the average monthly creation this year and what was expected. Wages are growing again, but hours worked…
Welcome to a new era of sales reporting. With the Detroit-based automakers—accounting for more than 40% of U.S. auto sales—no longer officially reporting monthly sales numbers, the Cox Automotive Industry Insights team continues to deliver the insights they can. Our…
July 2019 is expected to be officially the hottest month in history, temperature wise. The same might be said for the level of sales incentives offered by the automakers. This time of year, we often see a slowdown in the number of incentives available, as model year changeovers and strong spring sales have dwindled vehicle supply on dealer…
Today’s rate cut was viewed by the market as a certainty. The Fed had ample opportunities to set different expectations, but only affirmed the market’s view at every turn. In terms of policy, what mattered more today was the amount of…
