Learning Center | Cox Automotive

Ready or Not, Mobility Is Transforming the Automotive Industry 07/29/2019 EMBRACING THE CHANGE: If You Don’t, Someone Else Will History has proven if a better system comes along and it’s viable, people will use it. It’s entirely plausible that taxicab companies considered that there could be a better way to dispatch their vehicles. But their missed opportunity opened the door for a third-party – Silicon Valley-funded Uber – who revolutionized the ride-hailing industry away from taxicab… Read Article

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4 Incentive Pillars for Powering Consumer Transactions 01/23/2020 The Cox Automotive Rates & Incentives (CAR&I) team has identified the must haves for your digital and in-store retailing process. The areas to focus on are: Completeness Transparency Accuracy Timeliness Completeness – Does your data provider audit with OEM configuration tools? Complete listings need to include all rates, residuals, rebates and incentives for all U.S. and Canadian OEMs to attract buyers. Transparency – Knowing the complexity… Read Article

Inventory

Cox Automotive Industry Update Report: January 2020 01/17/2020 The January 2020 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Consumer sentiment declined in December based on the final data for the month from the University of Michigan. The consumer confidence index disappointed in December as the index… Read Article

Gently Used Posing Harsh Threat To New Car Sales 01/14/2020 Consumers may finally be nearing a breaking point as new vehicle prices continue to rise, causing a seismic shift in the marketplace as shoppers scramble to find the models they desire at prices they can afford—and that’s danger for the automakers. That was the sobering message from Cox Automotive economists during a briefing for the media in Detroit on Monday. The average sticker price for a… Read Article

News Coverage

Cox Automotive Industry Update Report: December 2019 12/17/2019 The December 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Consumer sentiment improved in November based on the final data for the month from the University of Michigan. The consumer sentiment index increased 1.4%, but left consumer sentiment… Read Article

Market Insights

Cox Automotive Industry Update Report: November 2019 11/15/2019 The November 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Headline unemployment rate came in at 3.6% in October. The October employment report provided evidence of a slower but stabilizing economy. Job creation slowed to 128,000 when analysts… Read Article

Market Insights

Key Trends of 2019 – Q3 Update 11/08/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. The Economy Economic growth has been revised slightly downward from 2.6% to 2.3% GDP for 2019 and is expected to be less than 2% in 2020. Many factors are causing this slow down including… Read Article

Market Insights Economy & Trends

Cox Automotive Industry Update Report: October 2019 10/23/2019 The October 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Headline unemployment rate fell to 3.5% in September, which was last seen in December 1969. The underemployment rate, which is the broadest measure of unemployment, fell to 6.9%,… Read Article

Market Insights

Cox Automotive Industry Update Report: September 2019 09/19/2019 The September 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Job creation slowed to 130,000 when analysts had expected 160,000. The prior two monthly numbers were revised down for a net decrease of 20,000 fewer jobs than originally… Read Article

Market Insights

Cox Automotive Industry Update Report: August 2019 08/13/2019 The August 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS July saw 164,000 jobs created, which was in line with expectations. The pace of growth slowed from 193,000 jobs created in June. The prior two monthly numbers were… Read Article

Market Insights

Key Trends of 2019 – Summer Update 08/12/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides a mid-year check-up on the Key Trends predicted to have the greatest impact on the automotive industry in 2019. At the year’s halfway mark, here’s an assessment of those macroeconomic trends and their implications for the future. The Economy The economy is on track with revised expectations of 2.4% GDP growth versus the 2.6% forecast at the… Read Article

Market Insights Economy & Trends

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