Automotive News, May 6, 2019 — After slower U.S. light-vehicle sales in January and February, there was a jump in March, and some industry observers thought it would carry into April. It didn’t. An auto sales phenomenon known as the “spring bounce,” when some Americans decide to use tax refund checks as down payments on new … Continued
Incentives can seem like a Rubik’s Cube. Discounts and rebates — triggered by numerous factors — are like the moving puzzle parts that eventually result in a quoted price for consumers. There is customer money, dealer money, lease discounts, spiffs for members of the National Funeral Directors Association, rebates for Realtors and so on. One … Continued
Atlanta Business Chronicle, April 29, 2019 – Georgia Public Service Commissioner Tim Echols writes about his journey to a Tri-County EMC electric vehicle event in Milledgeville, Georgia, via a Chevy Bolt, a new moderate-range electric car, rented as part of the Lyft EV driver program. He explains that he picked up his Lyft EV at the new Cox Electric … Continued
CBT News, April 29, 2019 — According to a new study released by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019 Cox Automotive Car Buyer Journey study also indicates consumers continue … Continued
Automotive News, April 27, 2019 – For the used-vehicle market, 2019 got off to a slow start before finally getting a spring bounce. While this is a typical pattern, January and especially February were both slower than usual this year, analysts said. One-off industry events crimped used-vehicle sales at the onset of the year, including a … Continued
ATLANTA, April 25, 2019 – Following surprisingly-high March sales, Cox Automotive is forecasting April U.S. auto sales to cool off to 1.37 million units, a 1% increase over last year’s volume. However, because the number of selling days increases from 24 last April to 26 this year, the seasonally adjusted annual rate (SAAR) of sales is … Continued
Contrasts are the theme. Improving retail sales contrasts with residential construction weakness. Economic growth is decelerating but could pick up if consumers start spending again. Consumer credit is supportive of that spending, but rising defaults on credit cards and higher delinquency on subprime auto loans could spell trouble. Meantime, trade concerns cast a shadow over … Continued
Automotive News, April 19, 2019 — As new-vehicle prices rise, more consumers continue to shift to the used-vehicle market, according to a Cox Automotive study. In another finding, the study said new- and used-vehicle customers who handle at least part of the process online are more satisfied with their overall dealership experience. Last year, nearly two … Continued
Bloomberg Radio, April 17, 2019 — Michelle Krebs, executive analyst at Autotrader, visits the Bloomberg Radio studio in New York to give a sneak peek into what she is seeing at the New York Auto Show and in the automotive market. She covers a wide range of topics including Subaru at the show, SUVs and EVs, … Continued
F&I and Showroom, April 16, 2019 — According to a new study released today by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019 Cox Automotive Car Buyer Journey study also indicates … Continued