No one should live their life in fear, simply because of the color of their skin.
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ATLANTA (July 8, 2020) – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Manheim Market Report (MMR) prices improved over … Continued
CBT News, July 1, 2020 — Dealers are facing a unique situation in many markets, where consumer demand is actually higher than supply according to Cox Automotive’s Bureau of Economic Analysis and Wards Automotive data. In fact, in this past May, non-fleet sales increased 63 percent after bottoming out in April. Brian Finkelmeyer, senior director … Continued
WardsAuto, June 29, 2020 – The U.S. consumer and economy are returning to some semblance of normalcy, but the new-car business is likely to be anything but normal for the foreseeable future. Dealers are facing a rare situation in many markets: Consumer demand is higher than supply. Online shopping metrics are off the charts across various … Continued
ATLANTA, June 26, 2020 – The COVID virus and the resulting economic recession continue to negatively impact the auto industry, but June is expected to be another small step “back to normal.” According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, … Continued
The Cox Automotive Mid-Year Review will be held on Thursday, June 25, at 11 a.m. EDT, a week before the auto industry closes the book on a difficult and wild first half. This 90-minute webinar will be kicked off by Cox Automotive President and CEO Sandy Schwartz who will provide an industry overview and highlight The Way … Continued
Automotive News, June 15, 2020 – Automaker and dealer inventories fell sharply in May as retail sales recovered from their late March lows and production continued to ramp up after lengthy stoppages. While most automakers declined to report their inventory figures, those that did saw steep declines in their days’ supply to start June, thanks … Continued
Automotive News, June 15, 2020 – Cox Automotive Chief Economist Jonathan Smoke joined Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. Smoke says inventory shortages, fewer incentives, weaker demand and tightening auto loan standards could slow the industry’s sales momentum in the second half of the year. Listen to the episode.
Dealer News Today, June 15, 2020 – Getting vehicles frontline ready has never been more important for dealerships. Prior to COVID19, consumers were already moving more and more to online car researching and buying. Estimates put this customer online activity at over 60%. They are going to fewer and fewer dealerships and over 40% are … Continued
CBT News, June 11, 2020 – In this segment, Sandy Schwartz, president and CEO of Cox Automotive, talks to CBT’s Jim Fitzpatrick about how the auto industry is approaching recovery efforts, the unexpected spike of auto sales in May, and much more. Watch the episode.
Automotive News, June 8, 2020 – Cox Automotive this week will unveil a strategy to realign its business around new priorities — from digital acceleration to data insights — that the company says reflect how auto retailers will need to operate in a post-pandemic world. The campaign, called “The Way Forward,” will include new integrations … Continued