ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Beth Beans Gilbert, vice president at Fred Beans Automotive Group, headquartered in Doylestown, Pa. Fred Beans Automotive Group is one of the largest, privately owned automotive groups in Pennsylvania with nearly 1,800 employees and more than $1 billion in annual sales. Named … Continued
Automotive News Daily Drive Podcast, Jan. 30, 2023 – Cox Automotive Chief Economist Jonathan Smoke joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Smoke discuss the economic headwinds ahead in 2023. Renault and Nissan agree on a framework to rebalance their alliance. And the EV … Continued
General Motors closed 2022 on a high note, which could mean an upside surprise when the automaker reports earnings for the fourth quarter and full-year 2022 on Tuesday, Jan. 31. Financial analysts forecast that GM will report a 22% improvement in quarterly earnings from the fourth quarter of 2021 on revenue climbing to $42 billion. … Continued
ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Leader in Sustainability Award to Mark Miller Subaru, a dealership with two locations – Midtown and South Towne – serving communities along the Wasatch Front in north-central Utah and throughout the state. The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership … Continued
The fourth quarter saw a slowing in real economic growth, which followed a larger increase in the third quarter. Consumer spending slowed, but declining imports and inventory increases helped deliver the relatively strong number, which looked better than it really was. Consumer spending fell in December as personal income growth also slowed. Core inflation declined, … Continued
Updated, Feb. 2, 2023 – While January sales reporting is not yet complete, and our team’s analysis of the results won’t be finished until early next week, the month did produce some solid sales reports and signs of market strength. Strong numbers from Hyundai and Kia were the headline, and Honda posted a much-needed year-over-year … Continued
ATLANTA (Jan. 24, 2023) – Trust matters when it comes to car buying in both wholesale and retail. To drive confidence and transparency in the new and used electric vehicle (EV) market and help optimize EV battery first life, Cox Automotive today announced the next phase of its pioneering approach to EV Battery Health scoring and … Continued
Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a best-ever fourth quarter in the U.S. on a number of fronts, which should help the South Korean automaker’s financial results that will be announced on Thursday, Jan. 26. The U.S., where Hyundai Motor sells all three brands and where Hyundai and Kia … Continued
Retail sales declined more than expected in December, and adjusted for inflation, retail sales were down from a year ago. However, retail sales do not include spending on most services including travel, which appears to have remained strong in the latest credit card spending data for December. Residential construction fell in December, and with permits … Continued
Welcome to the monthly Manheim Market Insights update. This month, Jeremy Robb, senior director of Business Intelligence, is picking up the narrative for this monthly check-in on what we are seeing in used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month … Continued
