Fleet purchases unexpectedly drove total new-vehicle sales higher in 2018, thanks to last year’s tax reform package that made it beneficial to businesses to replace or add vehicles to their fleets. Total fleet sales finished 2018 at more than 3.1 million units, up 4.1% from…
New lease originations retreated and ended down year-over-year in 2018 after growing steadily from the Great Recession and setting a record in 2016. In 2018 the number of new retail leases came in at roughly 4 million units. For 2019, leasing will be higher than…
Welcome to reporting day for January sales, where General Motor and Ford, roughly 30 percent of the U.S. car market, are not publicly sharing. Companies that have reported are mostly below forecast, with FCA and Nissan coming in well below.…
Tesla is scheduled to release its Q4 and full-year financial results today. The popular “phone call with Elon” kicks off in a few hours and, if history is a guide, it will be light on details and heavy on speculation.…
Tesla released fourth-quarter and full-year 2018 financial results today that illustrate the electric-vehicle maker faces formidable challenges, compounded by the fact that numerous new EV competitors are gunning for Tesla with new models. But where Tesla excels is in strength…
The government shutdown limited the amount of new economic data to review. With everyone back to work, we expect to see a flood of new data to review this week. Looking ahead: With the government back up and running, we…
(L-R) Katelyn Demarse, Sandy Schwartz and Gail Miller ATLANTA, Jan. 28, 2019 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Gail Miller, owner and chairman of Larry H. Miller Group of Companies. This honor…
Jonathan Smoke, chief economist for Cox Automotive, and Jason Stein, publisher of Automotive News, debuted the new Retail Brand Scorecards Study at the Automotive News Retail Forum at NADA today. This annual study measures and compares six areas of performance…
Car shopping traffic was up overall in Q4 on Autotrader, with more than half of mainstream car, truck, and SUV segments posting double-digit growth compared to the prior quarter. Four luxury segments – the three SUV segments and luxury’s full-size…
Certified pre-owned (CPO) sales reached a new record high in 2018 at 2.7 million units in the U.S. (up 2.1 percent versus 2017), matching the January 2018 forecast from Cox Automotive economists. This new high represents the eighth straight year…
