After the December increase, the discount rate, which the Federal Reserve controls, was up 100 basis points year over year. With this fourth quarterly increase, the Fed has increased rates more times in 2018 than any time since 2006. The…
Determining the profitability of your dealership’s used-vehicle inventory is critical to maintaining success. Are you still using ‘number of days on the lot’ to measure this value? Well, our guest today wants you to consider another option; one based on…
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three…
Price pressure, rising interest rates and a shrinking supply of affordable vehicles have U.S. dealers worrying more about business as they look toward 2019. Dealers’ expectations for the next 90 days, a period that they typically view through rose-colored glasses,…
Dealers should be cautious about boosting inventory in preparation for next year’s tax-refund season, Cox Automotive’s chief economist says. The increase in car buying typically fueled by tax refunds may fail to materialize. The 2017 tax-law changes are likely to…
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. Looking at trends in…
Share of car sales in the new-vehicle market came in at 28.8 percent in November – the lowest monthly level in U.S. automotive history. The previous low was set in August 2018 at 29.7 percent. “The market continues to…
Average transaction prices for new vehicles are up with light trucks seeing the strongest growth. New-vehicle prices increased by $769 (up 2.1 percent) from November 2017, while remaining flat (down 0.1 percent) from last month. “There were mixed average transaction…
Waymo, the autonomous vehicle division of Alphabet, announced today plans to launch a commercial self-driving vehicle service. Called Waymo One, the new service will initially be available to members of Waymo’s early rider pilot program in the Phoenix area. In…
Auto sales in November 2018 continued at a healthy pace. Full-year 2018 sales are on course to beat 2017 and pass the 17-million milestone for the fourth straight year, a record streak. While General Motors did not make November sales…
