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15 min read
COVID-19 RECOVERY: SPEED BUMP OR ACCELERANT FOR THE EV MARKET?
09/22/2020
TAILWINDS, HEADWINDS AND WHIRLWINDS Still raging its way around the world, COVID-19 delivered an unprecedented sucker punch to the automotive industry. And while there’s universal agreement the industry will recover, it will look very different when it emerges. Part of that conversation will be how we do business (virtually); the other part will be whether our appetite for Electric Vehicles (EV) will be kicked farther down…
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Electric Vehicles
Mobility
Market Insights
7 min read
Cox Automotive Industry Update Report: April 2020
04/22/2020
The April 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 The initial reading on Consumer Sentiment from the University of Michigan fell to 71 from 89.1 in March. The index has declined 29.7% from February, which was close…
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Market Insights
3 min read
5 Car-Shopping Trends That Persist in the Shadow of COVID-19
03/25/2020
It’s news to no one that these are anxious times. But despite what probably feels like all doom and gloom right now, there is actually plenty of opportunity for dealers to stay connected to customers, bring in new business, and even transform your 21st century sales and operational strategy for the better. We’ve analyzed the most recent data on consumer and dealer sentiment as well as…
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Market Insights
Marketing
6 min read
Reimagining the Automotive Consumer Experience
02/21/2020
It used to be that the key differentiator for dealers and manufacturers would be the product on their lots - the vehicle. However, over the years, OEMs have improved their product quality, and the difference between the quality of one vehicle over another is now harder for consumers to distinguish. As a result, consumer experience is of greater importance now more than ever. 2 in 3…
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Market Insights
Marketing
7 min read
Cox Automotive Industry Update Report: February 2020
02/18/2020
The February 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 from the University of Michigan rose to 100.9 in the initial February reading, above the consensus estimate of 99.5 and January’s 99.8. Improvement in expectations is…
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Market Insights
Play
8 min watch
Key Industry Trends for 2020 Is Now Available
01/29/2020
Find out what eight trends Cox Automotive Chief Economist Jonathan Smoke says will have a significant impact on the year ahead. Along with guest Zo Rahim, Jonathan shares how these trends performed in 2019 and makes some predictions for what we can expect them to do in Q1.
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Market Insights
7 min read
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…
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Market Insights
7 min read
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…
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Market Insights
7 min read
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…
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Market Insights
13 min read
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…
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Market Insights
Economy & Trends
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