This morning at a press conference in New York, Ford and Volkswagen confirmed plans to further expand their global alliance, working together now on both electric vehicle development and the advancement of autonomous, self-driving technology. As part of the agreement,…
Last week we closed the books on the first half of 2019, with June sales coming in at a healthy clip but the overall market down from year-ago levels. Fleet sales are stronger than retail sales and SUVs/Crossovers are performing…
Volkswagen’s decision to pull the plug on the Beetle ends a remarkable chapter in automotive history. The Beetle began life as a People’s Car as part of Hitler’s Third Reich, was rescued by British army officers after the war, becoming…
In the first half of 2019, the new-vehicle market in the U.S. has been propped up in part by strength in fleet sales. Combined rental, commercial and government purchases of new vehicles were up 5% year-over-year in June, following an…
A replay of the Q2 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of economics and industry insights for Cox Automotive, is available below. During the call, Jonathan and Zo presented…
ATLANTA, July 8, 2019 – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.61% month-over-month in June. This brought the Manheim Used Vehicle Value Index to 140.5, a 4.1% increase from a year ago. After seeing steady…
Manufacturing has been the weakest part of the economy this year as trade issues have resulted in declining orders. Despite that weakness, the job market continues to be solid, albeit with decelerating gains. June saw rebounding job growth from May’s…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.61% month-over-month in June. This brought the Manheim Used Vehicle Value Index to 140.5, a 4.1% increase from a year ago.After seeing steady and slightly lower than…
Auto Remarketing, July 6, 2019 — In this episode, recorded at the company’s Detroit-area offices, Cox Automotive chief product officer Marianne Johnson discusses practical uses of artificial intelligence for dealers and auto auctions, the use of AI in alternative vehicle…
We closed the books on the first half of 2019 today, with June auto sales being reported by everyone except Ford Motor Company. Considering posted results, our team is now estimating that the Blue Oval finished June very close to…
