Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 34.5% year over year in July to 171,464 units, according to an early estimate from Cox Automotive sources. July fleet volume rebounded to less than 2% below…
Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a stellar second quarter in the U.S. despite low inventories, particularly Kia. The automaker boosted incentives to over $1,000, while average transaction prices were up incrementally compared with…
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…
Toyota broke its U.S. sales slump in the most recently ended quarter but barely, as the Japanese automaker continued to have one of the lowest inventory levels in the industry, limiting sales. In Japan, Toyota Motor Corp. posts financial results…
Economic growth accelerated in the second quarter and was stronger than expected despite slowing growth in consumer spending. Still, consumer spending accelerated in June, enabled by strong wage gains. Consumers also have more buying power with inflation coming down. New…
The Fed raised rates today by a quarter point, as expected. While the door was technically left open for additional rate hikes, conditions are not likely to merit more increases during the remaining meetings this fall. In the press conference,…
Update, Aug. 2, 2023 – New-vehicle sales in July likely came in near 1.30 million, an increase of more than 15% over year-ago levels and very close to the Cox Automotive forecast (below) published last week. (Hat tip to our…
Ford is forecasted to post improved revenue and earnings when it reports second-quarter financial results after the stock market closes on Thursday, July 27. Wall Street analysts will be more concerned about future quarters than the most recent one after…
It’s an exciting time for vehicle transportation. Earlier this month, during the quarterly Manheim Used Vehicle Value Index call, I had the opportunity to provide an update on Cox Automotive’s significant role in the vehicle logistics industry – as well…
Stellantis posts financial results before the stock market opens Wednesday, July 26. Unlike other automakers that report quarterly earnings, Stellantis provides an update every six months. As Cox Automotive’s Industry Insights team provided quarterly updates on sales, pricing and incentives…
