Fiat Chrysler is sending workers home at four factories. Ford has two operating on fewer shifts and two others no longer building discontinued products. And General Motors Co. may dial back output despite being just a couple months removed from enduring its longest strike in almost half a century. Detroit’s three automakers are bracing for a … Continued
Zach Hallowell, vice president of Manheim Digital Marketplace, writes an op-ed for Auto Remarketing in which he looks at inflection points in history where it only took two or three decades for a novel innovation adopted by few to transform into a daily tool depended on by many. Now in 2020, he says that the foundation has … Continued
Consumers may finally be nearing a breaking point as new vehicle prices continue to rise, causing a seismic shift in the marketplace as shoppers scramble to find the models they desire at prices they can afford—and that’s danger for the automakers. That was the sobering message from Cox Automotive economists during a briefing for the … Continued
Cars, which have become also-rans in a U.S. automotive marketplace dominated by SUVs and pickup trucks, could make a comeback if times get tough, says Charlie Chesbrough, Cox Automotive’s senior economist. He’s not predicting a recession anytime soon. But the U.S. has seen the longest expansion of economic growth in modern history. That’s bound to … Continued
ATLANTA (Jan. 8, 2020) – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.54% month over month in December. This brought the Manheim Used Vehicle Value Index to 141.1, a 2.5% increase from a year ago. Following a normalizing trend in weekly Manheim Market Report (MMR) prices at the end … Continued
ATLANTA, Dec. 23, 2019 – No coal is expected in this year’s stockings as annual vehicle sales head toward another 17 million finish. Sales volume this month is likely to be just enough to lift the market above 17 million units for the fifth consecutive year. Cox Automotive expects auto sales in the U.S. to reach … Continued
CBT News, Dec. 2, 2019 – Jim Fitzpatrick spoke with Charlie Chesbrough, senior economist and senior director of industry insights at Cox Automotive, to receive an overview of this November’s numbers and what we can expect from Q4 and beyond. Charlie addressed headwinds, where the 2019 SAAR will fall and what factors he expects to influence the auto … Continued
ATLANTA, Dec. 9, 2019 – According to the Q4 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers continue to view the current market as negative, with an index score of 47. The slight decrease from Q3’s current market index of 48 was not statistically significant. The index reading of 47 indicates … Continued
ATLANTA, Nov. 26, 2019 – The November light vehicle market is not expected to be a turkey, according to a Cox Automotive sales forecast released today, but it isn’t expected to fly either. The seasonally adjusted annual rate (SAAR) is forecast to finish near 16.9 million, up from last month’s strike-impacted 16.5 million level, but … Continued
Automotive News, Nov.25, 2019 – Automotive News named its 2019 All Stars. Dale Pollak, Cox Automotive executive vice president and founder of vAuto, was recognized for his leadership in software innovation. According to Automotive News, Dale Pollak has redefined the way many dealers have been buying and selling used cars and trucks in the modern age. … Continued