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Cox Automotive November Forecast: Seasonality Weakens U.S. Auto Sales After Months of Recovery

ATLANTA, Nov. 24, 2020 – U.S. auto sales for November are expected to show a market that is now weakening after months of recovery from April’s historic low seasonally adjusted annual rate (SAAR). The sales pace for light vehicles is expected to fall to 15.8 million this month, down from last year’s 17.0 million pace, … Continued

Another Gift From 2020: Car Buyers Seeking Black Friday Deals Likely Out of Luck This Year

CNBC, Nov. 23, 2020 – The coronavirus pandemic is ending yet another annual holiday tradition for shoppers in 2020: Black Friday deals on new cars. Instead of offering the steep discounts to clear out older inventory, many automakers are having a hard time resupplying dealer lots with enough inventory after shutting down factories earlier the … Continued

Cox Automotive and Moody’s Analytics Launch Vehicle Affordability Index

ATLANTA, Nov. 17, 2020 – Cox Automotive and Moody’s Analytics are launching today the Vehicle Affordability Index that quantifies price movements in the new vehicle market in relation to the spending power of the U.S. consumer. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) will be updated monthly using the latest data from government and … Continued

Is the Auto Retail Industry Poised For a Strong Start to 2021? – Jonathan Smoke

CBT News, Nov. 17, 2020 – There have been many ups and downs throughout 2020 for the automotive industry. Dealers are coming off an incredible Q3, but will it carry over through Q4 and into the new year? Cox Automotive Chief Economist Jonathan Smoke joined CBT News, to discuss the latest trends for retailers and what can … Continued

Cox Automotive Leaders Janet Barnard and Grace Huang Recognized Among 100 Leading Women in the North American Auto Industry

ATLANTA, Nov. 10, 2020 – Janet Barnard, chief people officer, for Cox Automotive, and Grace Huang, president at Manheim, a Cox Automotive company, have been named among the 100 Leading Women in the North American Auto Industry by Automotive News. Barnard, Huang and their co-honorees are featured in a special section of the Nov. 9 … Continued

Carlos Sandoval Receives Cox Automotive and NAMAD Rising Star Award

ATLANTA, Nov. 3, 2020 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to Carlos Sandoval, partner and fixed operations director at Bartow Ford located in Bartow, Fla., among the largest volume Ford dealers in the nation and a 22-time President’s Award Winner. Sandoval was … Continued

Cox Automotive October Forecast: U.S. Auto Sales Achieve Sixth Straight Month of Growth

ATLANTA, Oct. 28, 2020 – U.S. auto sales for October are expected to show a still recovering market with the sales pace rising for the sixth straight month since April’s historic low. The seasonally adjusted annual rate (SAAR) of sales is expected to finish near 16.4 million, up slightly from September’s surprisingly strong 16.3 million … Continued

Cox Automotive Analyst Zo Rahim Breaks Down CPO Sales and Market Forecasts

CBT News, Oct. 23, 2020 – While dealers struggle with new-vehicle inventory, used-vehicle sales have become an emphasis for many dealers. Despite this, certified pre-owned sales have struggled since the beginning of the COVID-19 pandemic. CPO sales have been on the decline ever since stores were forced to change their daily operations, and they remain … Continued

Detroit Automakers Face Delicate Dance With Red-State Supporters

Bloomberg, by Keith Naughton, Oct. 20, 2020 – Under the Trump administration, few industries have been singled out for scorn and threats from the White House as much as automakers. But even if President Donald Trump’s re-election bid falls short in November, American car companies have a much bigger constituent to answer to: their own … Continued

Additional Stimulus Needed to Endure Coronavirus-Induced Downturn

Automotive News, Oct. 14, 2020 – Unprecedented times brought on by the coronavirus pandemic called for unprecedented support. As the positive impacts of the stimulus fade, the automotive finance industry — among others — is calling for another round. The swift actions taken at the onset of the pandemic through the passage of the CARES … Continued