We now know from the IRS statistics that tax refunds have indeed been lower this year as we had feared would be the case. Total refunds are down 1.5% in number and down 2.6% in dollar amount through April 5.…
Despite tame inflation, Fed patience with raising interest rates, wage gains and other positive economic signs, consumers are increasingly nervous, not about today, but about the future. Consumer sentiment dips: The initial reading on Consumer Sentiment from the University of…
Auto Remarketing, April 15, 2019 — Two years ago, 59% of vehicle shoppers were focused on used cars. According to the 2019 Cox Automotive Car Buyer Journey study, that number is now 64% — and the struggle around new-vehicle affordability is a…
ATLANTA, April 15, 2019 – Cox Automotive has named Mark Luber to the newly-created role of chief data officer effective today, reporting to Chief Product Officer Marianne Johnson. In this role, Luber will lead the Cox Automotive Data Solutions team…
According to a new study released by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019…
The first-quarter of 2019 came to a close last week, with new-vehicle sales in March coming in slightly stronger than anticipated as the quarter closed. Still, sales in Q1 2019 were down 2.7% versus year-ago levels. Had it not been for…
Like the used market, the new-vehicle market showed weakness in March. March new-vehicle sales were down 2.2% year-over-year, with one less selling day compared to March 2018. However, the March 2019 SAAR came in at 17.5 million, improving versus last…
Auto Remarketing, April 9, 2019 — In this article. Senior Editor Joe Overby explores how certified pre-owned (CPO) vehicles represent an opportunity for the auto industry. While interest in CPO itself is up, it doesn’t appear familiarity has quite gotten…
Auto Remarketing, April 9, 2019 — It wasn’t the strongest of starts to the year for used-vehicle sales, but the first quarter closed with the pre-owned market poised to remain at peak levels. The annualized rate of used-car sales in March…
One of the most intriguing trends for the year is what has happened and is happening with interest rates. At the end of last year, the Fed remained hawkish and very resolute about pushing rates higher in 2019. After a…
