ATLANTA, April 28, 2021 – April U.S. auto sales, when announced next week, are expected to reveal a very hot new-vehicle market. The April sales pace is expected to finish near 16.5 million, which is down from last month’s robust 17.7 million level but still a healthy pace for the industry. Sales in March were especially … Continued
On CBT News, host Jim Fitzpatrick is joined by Charlie Chesbrough, senior economist and senior director of Industry Insights at Cox Automotive. Chesbrough joins the show to recap results from the first quarter of 2021 and provide insight on what car dealers can expect for the rest of the year. To gain a true understanding … Continued
ATLANTA, April 19, 2021 – According to an analysis of the U.S. auto market by Cox Automotive and Kelley Blue Book, sales growth of both electric and hybrid vehicles outpaced overall market performance in the first quarter of 2021. Electrified vehicles – automobiles featuring large battery packs and electric motors in the propulsion system – accounted for 7.8% of the … Continued
ATLANTA (April 7, 2021) – Wholesale used-vehicle prices on a mix-, mileage-, and seasonally-adjusted basis increased 5.87% month over month in March. This brought the Manheim Used Vehicle Value Index to 179.2, a 26.2% increase from a year ago and a record high for the Index. Wholesale prices – the prices automobile dealers are paying to … Continued
Automotive News, April 1, 2021 – Daily Drive is a daily podcast that provides updates during the coronavirus outbreak. Automotive News Publisher Jason Stein speaks with industry experts, insiders and Automotive News reporters about how the coronavirus outbreak is impacting and reshaping the automotive industry. Cox Automotive Chief Economist Jonathan Smoke predicts there will be … Continued
CBT News, March 31, 2021 – In the premiere episode of the ‘Dealer Advantage’ series, Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive and Kevin Frye, marketing director for Jeff Wyler Automotive Family, discuss what dealers are doing to successfully implement digital platforms and create the optimal car buying experience. Find out more information … Continued
ATLANTA, March 26, 2021 – March U.S. auto sales, when reported next week, will show strong growth over February’s pace and a significant increase over last year’s pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February’s 15.7 million pace and well … Continued
Dealer News Today, March 23, 2021 – Today’s guest is Briann Finkelmeyer, senior director of New Car Solutions at Cox Automotive. Brian worked for 20 years on the OEM side of the industry and has since been involved with automotive tech developments and trends at Cox Automotive. His background makes him uniquely qualified to talk … Continued
The Cox Automotive Dealer Sentiment Index for the first quarter of 2021 was recently published, showcasing how dealers feel about the current state of the automotive market. CBT News host Jim Fitzpatrick is joined by Jonathan Smoke, chief economist for Cox Automotive. Smoke joins the show to break down key findings from the index and provide some … Continued
ATLANTA, March 8, 2021 – With COVID-19 case trends declining and vaccination rates increasing, U.S. automobile dealers are mostly optimistic about the automobile market in the coming 90 days, according to the latest Cox Automotive Dealer Sentiment Index (CADSI) released today. The 90-day outlook index jumped 11 points to 59, the highest level since the onset of … Continued