ATLANTA, Sept. 30, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, today announces Retail360 – a comprehensive suite of tools that enables the industry’s only true omnichannel experience. Omnichannel connects the entire auto retail ecosystem along…
A replay of the Q3 2024 Cox Automotive Industry Insights and Sales Forecast call, held on Wednesday, Sept. 25, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market…
Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally…
The Q3 Cox Automotive Industry Insights and Sales Forecast call will be held today, Sept. 25, at 11 a.m. EDT. The presentation is available for download. Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for this 60-minute…
The highly competitive nature of the car business reminds me of college football. Instead of teams like Georgia, USC, or Wisconsin, we have automakers like Honda, Ford and Jeep, all competing against one another with their own unique playbooks and…
Key Highlights Federal Reserve’s Monetary Policy Shift The Fed pivoted from hawk to dove and initiated the shift from a tight and restrictive monetary policy with a 50 basis points rate cut as they felt risks were more in balance…
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of September were higher than in August. 2.18M Total UnsoldUsed Vehiclesas of Sept. 5, 2024 42 Days’ Supply $25,172 Average Listing Price 70,950 Average…
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens…
According to the most recent analysis of vAuto Live Market View data, sales volume and days’ supply average have stabilized following two months of reporting volatility. An industry-wide disruption caused by a cyber breach at a widely used dealer management…
The Federal Reserve changed their tune dramatically today from their stance at the last official meeting on July 31 by cutting the Fed Funds Rate by 50 basis points, double the consensus expectation of a 25-basis-point cut. This was the…
