After rising to worrisome levels throughout the spring, vehicle inventories remained pretty well in check to start July, though light truck inventories edged higher. May sales popped above forecasts, sopping up some of the inventory that had built up during…
Consumer spending is robust and likely drove much of the second-quarter economic growth as households were confident about the economy. However, economic indicators, such as new construction activity, cast doubt on the sustainability of this growth. Labor shortages, supply disruptions,…
The all-new 2020 Chevrolet Corvette was revealed in California last evening, at a gala event celebration attended by media, celebrities and enthusiasts. Several editors and analysts from the Cox Automotive team were on hand to witness the moment and see…
With the new Corvette, Chevrolet has rethought everything, giving its two-seater a mid-engine layout for improved performance and a more exotic, stand-out design. With these moves, Chevy likely envisions a Corvette among a more exotic competitive set, high performers such…
For many, the big story in the all-new 2020 Chevrolet Corvette being unveiled this evening will be price. The number has yet to be announced, but speculation is that it will be far higher than the $56,000 base price of…
General Motors is rightfully looking for new customers for its Chevrolet Corvette, as the current crop of loyal buyers begins to age out of their sports-car-buying years. It’s an admirable pursuit, but not an easy one. Seeking higher performance and…
ATLANTA, July 16, 2019 – Tim McKinley has been promoted to chief sales officer (CSO) for Cox Automotive, reporting to President Sandy Schwartz, from his position as senior vice president of sales for Manheim, a Cox Automotive brand. McKinley replaces…
Congratulations, fine reader, you are part of a winning team! Well done. You’re an important part of an economic expansion that’s been trucking along for 121 months now, a new post-World War II milestone. Our record upward run began back…
Contract talks between Detroit automakers Ford, General Motors and Fiat Chrysler and the UAW kick off this week with the official handshake. The current four-year contracts expire at 11:59 p.m. on Sept. 14. All negotiations are challenging, but this round…
Overall inflation remains very low, helped by lower energy prices. The monthly trend through June gives support for an easing of monetary policy. The financial markets expect the Fed to cut rates at the end of the month. The futures…
