Automotive News, June 10, 2019 – Dealers’ optimistic view of the market waned last quarter amid softening new-vehicle sales and a mounting threat of tariffs on import vehicles and parts. They remained optimistic about inventory levels, but as lease return volume comes down, their confidence will likely start to dim, according to a quarterly survey by … Continued
ATLANTA, June 10, 2019 – According to data from the Q2 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. auto dealer sentiment is similar to the first quarter as the overall current market index remained in negative territory. The current market index – a measure of business conditions in Q2 2019 – rose one … Continued
CBT News, June 3, 2019 — While it’s important to monitor year-over-year trends in the retail auto industry, it is arguably more important to focus on where the industry is headed. Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive, joins Jim Fitzpatrick at CBT News to give an overview of this … Continued
ATLANTA, May 28, 2019 – Cox Automotive is forecasting May U.S. auto sales to decline nearly 3% from last year, falling to 1.54 million units. The seasonally adjusted annual rate (SAAR) is expected to rise slightly to 16.9 million, above April’s 16.4 million level but below May 2018’s 17.2 million pace. May is a critical … Continued
CBT News, May 21, 2019 — Following Manheim’s release of the latest edition of the Used Vehicle Value Index, Zo Rahim joins CBT News to discuss current defining factors of the auto industry. As the Manager of Economics and Industry Insights at Cox Automotive, Rahim says that there is still a lot of opportunity for dealers … Continued
Automotive News, May 20, 2019 — Automakers have begun to view online retailing as an important tool that dealers should be using alongside dealership management systems and customer relationship management software. Digital vendors say automakers’ interest is growing as everything from books to shoes and, increasingly, cars and trucks are being bought online. Some dealers … Continued
Auto Remarketing, May 16, 2019 — After softness in the first two months of the year, certified pre-owned vehicle sales are starting to pick up some steam. According to Wednesday’s Data Point report from Cox Automotive, there were 233,540 CPO vehicle sales in April, up approximately 6% year-over-year. That follows nearly 3% growth in March, … Continued
Subprime, May 13, 2019 — We’re nearly halfway through the second quarter, and experts are seeing varying trends about whether consumers are prepared to commit to buying a vehicle at your dealership and financing the purchase through your finance company. While a pair of surveys that measure consumer confidence each month demonstrated some upbeat feelings, … Continued
CBT News, May 9, 2019 — While U.S. auto sales softened this past April, and many customers continued to flock to used car lots due to vehicle affordability issues. However, this uptick in used-car sales might not last for much longer. Here to discuss April’s winners, losers, and more of what dealers can expect in … Continued
Auto Remarketing, May 7, 2019 — Used-car sales in April beat year-ago figures by 3.0%, according to estimates from Cox Automotive, which said the pre-owned SAAR climbed to about 39.3 million for the month. That compares to a used-car SAAR of 38.1 million in April 2018 and a 39.0 million used-car SAAR in March, the company … Continued