A replay of the 2023 Cox Automotive Mid-Year Review webcast held on Tuesday, June 27, is available below. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, presented how the auto industry performed in the first half and what’s likely ahead, including updated 2023 Cox Automotive … Continued
By Jessica Stafford, senior vice president of Consumer Solutions at Cox Automotive I had the pleasure of representing Cox Automotive Inc. on a recent Automotive Press Association panel on my favorite topic – the state of auto retail! I was joined by Eric Frehsee, president of Tamaroff Auto Group, and Matt VanDyke, president of Shift … Continued
The 2023 Cox Automotive Mid-Year Review was held on Tuesday, June 27. The presentation is available for download. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, presented how the auto industry performed in the first half and how the team sees the industry … Continued
Updated, July 6, 2023 – In the first half of 2023, the U.S. new-vehicle market has been surprisingly strong, with sales volume increasing more quickly than forecast as the industry’s inventory issues faded. Sales in June, as we’ve seen in many months prior this year, surprised to the upside, with volume beating the Cox Automotive … Continued
ATLANTA, June 27, 2023 – Despite growing interest, a gap exists between consumer enthusiasm for electric vehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. The 2023 Path to EV Adoption: Consumer and Dealer Perspectives study also reveals a lack of EV readiness among U.S. automotive dealers regarding … Continued
Auto loan performance resumed deteriorating in May as delinquencies and defaults both increased for the first time in three months. The severe delinquency rate in May was the worst since at least 2006. The default rate rose to nearly what it was in 2019. Existing home sales saw a small gain in May, but supply … Continued
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 of the data available from Cox Automotive. This month’s video highlights the midmonth Manheim … Continued
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation
A recent analysis by Cox Automotive of Xtime metrics revealed that service activity increased notably at franchised dealerships in the U.S. in May compared to the previous month. Meanwhile, service revenue decreased just slightly from its previous record highs in March and April. Both the Repair Order Volume Index and the Repair Order Revenue Index … Continued
Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Economic and Industry Insights team for the 2023 Mid-Year Review. Tuesday, June 27 11 a.m. EDT During this session, the team will share how the auto industry performed in the first half of the year and how the Cox … Continued