ATLANTA, Sept. 28, 2020 – Auto sales in the U.S. are forecast to continue their COVID-19 recovery in September as the new-vehicle sales pace should increase over last month. The seasonally adjusted annual rate (SAAR) is likely to reach 15.5 million, a modest improvement over August’s 15.2 million, and the fifth consecutive month of sales … Continued
Join us for the Q3 Cox Automotive Sales Forecast Call hosted by Chief Economist Jonathan Smoke and Senior Economist Charlie Chesbrough on Monday, Sept. 28, 11 a.m. EDT. During this 90-minute webinar, you will hear from Jonathan, Charlie and other members of the team on how the auto industry performed in the third quarter and … Continued
ATLANTA, Sept. 21, 2020 – While the electric vehicle (EV) market will take a hit in 2020, it will be more of a stall out than a vanishing act. Electric adoption is inevitable, but its pace is a big question. The latest white paper from Cox Automotive Mobility, titled “COVID-19 Recovery: Speed Bump or Accelerant for … Continued
ATLANTA, Sept. 8, 2020 – According to the Q3 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market shows significant improvement and has mostly recovered from the historic, pandemic-driven drops in the second quarter. The overall current market index moved into positive territory in Q3 with … Continued
CBT News, Sept. 7, 2020 – Inventory is scarce right now, that’s no secret, and the used car market has been hit especially hard. This has left many dealers wondering how and when their pre-COVID inventory levels will return. Watch this episode to learn about the current state of inventory supply and the impact it … Continued
ATLANTA, August 26, 2020 – As summer winds down in the last week of August, the auto industry’s slow recovery appears to remain on track, at least for another month. According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in August is expected to finish near … Continued
A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive … Continued
Ed Sheehy, the longtime president of Southeast Toyota Distributors, has every right to yell it from the rooftops: He told you so. Relatively strong retail sales and continued production hiccups from COVID-19 have pushed new-vehicle inventories nationwide down to just 2.3 million vehicles, according to figures tabulated by Cox Automotive and confirmed by the Automotive … Continued
ATLANTA, Aug. 10, 2020 – Cox Automotive Mobility’s Pivet Atlanta facility, located conveniently between downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, completed one of the largest electric vehicle (EV) charging single property installations in the southeast in collaboration with Georgia Power and EV charging network provider ChargePoint. The groundbreaking Smart Technology Project, which includes the … Continued
Auto Remarketing, Aug. 11, 2020 – This metric measuring wholesale used-car prices has now hit all-time highs for two straight months, as a near 6% sequential lift in wholesale values pushed the index to 158.0, according to parent company Cox Automotive. That reading beats year-ago figures by 12.5% and is nearly nine points higher than … Continued