The Cox Automotive Economic Industry insights team’s goal is to help automotive industry stakeholders make the best decisions for the future. The 2019 Cox Automotive Market Insights & Outlook flipbook makes accessing key data and insights easy. Replacing the hard copy version, this digital…
The White House today in a statement confirmed that it will delay by up to six months any decision on Section 232 tariffs on autos and auto parts. This is exactly the route we expected, as the Trump Administration uses the threat…
In 2018, the auto market benefited from an increase in aggressive auto lending that resulted in growth in subprime lending for the first time since 2015. Auto lending grew by 2.7% last year, supported by a 3.1% gain in subprime dollar volumes. This aggressiveness was…
Auto Remarketing, May 16, 2019 — After softness in the first two months of the year, certified pre-owned vehicle sales are starting to pick up some steam. According to Wednesday’s Data Point report from Cox Automotive, there were 233,540 CPO…
Sales of certified pre-owned vehicles increased 6% year-over-year in April. For the month, 233,540 CPO units were sold. This brings the total CPO sales for 2019 to 910,578 units, up 2% year-to-date versus the same period last year.This growth in CPO…
Certified pre-owned (CPO) sales are important especially in the current market as new-vehicle sales continue to moderately decline. Market trends such as rising interest rates, credit tightening, and talks about tariffs have put affordability front and center. As a result,…
Subprime, May 13, 2019 — We’re nearly halfway through the second quarter, and experts are seeing varying trends about whether consumers are prepared to commit to buying a vehicle at your dealership and financing the purchase through your finance company.…
First-quarter economic growth blew away estimates and reversed a downward trend of the past couple of quarters, but beneath the headlines, consumer spending and business investment growth are weakening. Growth improves: First-quarter real GDP growth was much better than expected at…
New-vehicle retail sales were down 2% in April, leading to a retail seasonally-adjusted annual rate of 13.5 million units, down from 14.1 million last April. The affordability issue is likely to impact the retail side of the market more than the…
The books on April automotive sales in the U.S. were closed by most automakers on Wednesday, May 1. Since then, our team of analysts and experts have been combing through it all. They look at the mainstream makers, not the…
