People loved the 1980s song “Don’t Worry, Be Happy.” The recording gained worldwide popularity, largely because of its cheery theme. Auto-retailing industry iconoclast Dale Pollak has a somewhat different message to students at Northwood University, a business school here about 120 miles (192 km) northwest of Detroit. “You cannot and should not pursue happiness as … Continued
If you think the East Coast is hot right now, look at what’s happening in the used-car market. Especially in terms of prices. One particular index measuring used-car prices is poised to reach its highest level in almost three years, the annual retail sales rate is approaching 40 million and dealers are showing optimism. Granted, … Continued
U.S. light-vehicle sales in August are expected to rise from year-ago levels, when two major hurricanes crippled new-car transactions in some of the country’s largest vehicle markets, according to three forecasts. Cox Automotive, Edmunds and J.D. Power/LMC Automotive all project gains of about 1 percent for the month. Sales events tied to Labor Day are … Continued
ATLANTA, August 28, 2018 – New-vehicle sales in August are forecast to reach 1.49 million, up approximately 100,000 units from August 2017 according to a sales forecast from Cox Automotive released today. The seasonally adjusted annual rate (SAAR) of 16.8 million units forecast for August is up incrementally from last month’s 16.7 million and up … Continued
In the Future of Car Ownership segment, Jennifer Vuong on Automotive News TV First Shift shares some highlights from the Cox Automotive Evolution of Mobility Study. As Vuong explains, “More and more consumers say owning a car is not necessary.” The Evolution of Mobility Study found that half of the people survey said that the … Continued
ATLANTA, August 23, 2018 – The automotive industry’s predictions on the future of traditional vehicle ownership remain a topic of debate and at times a guessing game. Ultimately, awareness, availability and acceptance of on-demand transportation options, such as car-sharing, ride-hailing and subscription services, will likely be the deciding factor. The uptake of vehicle ownership alternatives … Continued
It’s a volatile situation, but it sure looks as if the Trump Administration’s threat to impose a tariff on auto imports is contributing to an increase in used-vehicle values, as buyers rush to beat a potentially bigger price increase, an analyst said. “We believe at the core of this, if there’s any chance that in … Continued
Increasing awareness of self-driving vehicles is fueling apprehension about the safety of the technology, a new survey reveals. Nearly half of the 1,250 consumers surveyed said they would never buy a Level 5 (or fully autonomous) vehicle, according to a Cox Automotive consumer attitudes study released Thursday. That’s up from 30 percent of the 2,264 … Continued
The road to autonomous driving is suffering some significant speed bumps. Cox Automotive on Wednesday released its Evolution of Mobility Study. Among the findings: consumers are growing more, not less, skeptical of fully autonomous vehicles. Separately, New York Mayor Bill DiBlasio on Tuesday signed a bill that caps the number of ride-sharing vehicles at the … Continued
ATLANTA, August 16, 2018 – In the race for self-driving cars, building consumer trust when it comes to safety is just as important as building the technology. According to findings from the 2018 Cox Automotive Evolution of Mobility Study: Autonomous Vehicles, consumer awareness of driverless vehicles has skyrocketed and the desire for autonomous features is high. … Continued