The auto market and the broader economy depend on a seasonal bump provided by the more than 100 million Americans who receive tax refunds each spring. This spring, however, could be very different. Due to last year’s tax reform, some…
We released December Manheim Used Vehicle Value Index (MUVVI) yesterday and closed the door on what was a truly remarkable year for used-vehicle values. As we started the year, we told you to expect a 3 percent increase in the…
Fleet sales finished 2018 up 7 percent versus 2017. The strongest-gaining fleet channel was commercial, which increased 8.8 percent in 2018 versus the prior year. Corporate tax reform had a positive effect on fleet sales in 2018. With more money…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.32 percent month-over-month in November. This brought the Manheim Used Vehicle Value Index to 139.0, a 3.3 percent increase from a year ago. The Manheim Used Vehicle…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.03 percent month-over-month in December. This brought the Manheim Used Vehicle Value Index to 137.6, a 4.3 percent increase from a year ago. Looking at trends in weekly…
The new year kicked off with positive reports on new-vehicle sales and the job market. Still, the economy and auto market are less certain with more risks to the downside in 2019. Looking ahead: While 2018 was a very strong…
Cox Automotive President Sandy Schwartz (far left) hosted a panel at the Atlanta Economics Club last month of the top execs from Atlanta’s locally-headquartered auto manufacturers: (l-r) Larry Dominique, president and CEO, PSA North America Inc.; Klaus Zellmer, CEO, Porsche…
Forbes, Jan. 3, 2019 — Energized by tax reform, lower fuel prices and high employment the expected second-half slump was less severe than predicted, leading to a strong kick to the finish line for U.S. auto sales. That’s the big…
Happy New Year! December and full-year U.S. auto sales were confirmed by many automakers this morning. As expected, sales came in strong as the year came to a close. With more than 17 million sales in the books, 2018 was…
“To win in the new retail environment is to embrace the online channel while simultaneously changing the traditional in-stores process,” according to Pete Batton, general manager of Digital Retailing at Cox Automotive. In an op-ed published by Automotive News, Batton…
