Our auto industry closed the books on Q1 2019 today, with total sales continuing in a downward path versus year-ago levels. Of the companies reporting, only Honda is bucking the downward trend. The team from Cox Automotive offers the following…
Bloomberg, April 1, 2019 — U.S. auto sales likely fell for a third straight month in March, as carmakers held the line on discounts and average new-car prices continued to climb. Most companies will report results on Tuesday. Retail sales, which…
The Detroit News, April 1, 2019 — Higher new-vehicle prices and rising interest rates this year will drive more buyers to used vehicles or hang on to their old cars longer, industry experts believe. The average new vehicle sold for more than $36,000 in February,…
Economic growth at the end of last year was much weaker than originally estimated. The economy decelerated to real GDP growth of 2.2%, setting up the first quarter to be much weaker as well. Mixed bag for confidence: Consumer confidence…
A replay of the Cox Automotive Q1 Auto Sales Call hosted by Cox Automotive Chief Economist Jonathan Smoke is available below. Along with Smoke, Cox Automotive Executive Analyst Karl Brauer and Zo Rahim, manager of economics and industry insights for Cox…
Forbes, March 28, 2019 — When automakers report U.S. auto sales next Tuesday, the numbers are expected to once again be negative amid fluctuating consumer confidence, the threat of import tariffs and worsening affordability conditions. On a conference call with reporters…
Forbes, March 28, 2019 — The r-word, for “recession,” came up a lot in a conference call with Jonathan Smoke, chief economist for Atlanta-based Cox Automotive, to discuss U.S. auto sales in March as well as the U.S. economy in general.…
ATLANTA, March 27, 2019 – Following a lower-than-expected February, Cox Automotive is forecasting March U.S. auto sales volume to hit 1.547 million, an increase from last month, but a nearly 7 percent decline from March 2018. The seasonally adjusted annual…
You can visualize the relentless rise of new-vehicle prices in the U.S. market in many ways. Average transaction price – ATP – is a common measure, showing the amount consumers pay for a vehicle, including all rebates and incentives. Or…
Shift Magazine, March 25, 2019 — The definition of vehicle subscriptions is in flux, as the industry starts playing with the model to see what will work best. Subscription is not about “forcing our consumers in a single-use case,” Joe…
