The materials presented during the Cox Automotive 2018 Mid-Year Review can be downloaded below. June 2018 Sales Forecast Press Release – Download here› Part 1: State of the Industry – Download here› Part 2: The State of Change – Download here›
The SAAR is once again at around 17 million, however, Trumps’s tariff and the sudden hike in interest rates may have a negative impact on the second half of the year with vehicle sales. To help us make sense of what the future may bring for dealers across the nation, we are joined by Jonathan … Continued
The Federal Reserve today raised the official short-term rate policy by .25 points. The move by the Federal Reserve was widely expected, the result of continued strong economic growth combined with inflation reaching the Fed’s target. The Cox Automotive Industry Insights team continues to monitor interest rate trends, as higher rates and tighter credit are … Continued
A veteran fintech executive is taking over as chief product officer at Cox Automotive. The automotive arm of Cox Enterprises Inc. named Marianne Johnson as the new CPO, effective today, reporting to Executive Vice President and Chief Operating Officer Mark O’Neil. She succeeds Rick Gibbs, who spent 20 years with Dealer.com, Dealertrack and Cox Automotive. … Continued
Dealers increasingly worry that rising interest rates and limited inventory could hurt vehicle sales and store profitability. That’s a key conclusion from the latest Cox Automotive Dealer Sentiment Index, a quarterly survey of auto dealers. Though the retailers remained upbeat about the retail market, optimism in the second quarter slid from the previous quarter. “The … Continued
ATLANTA – June 11, 2018 – Overall, U.S. automobile dealers are more positive than negative when describing current market conditions, according to the Q2 2018 Cox Automotive Dealer Sentiment Index (CADSI) released today. However, while current sentiment improved, expectations for the next quarter deteriorated substantially compared to the optimism measured in Q1. “The biggest concern … Continued
ATLANTA, June 11, 2018 – Marianne Johnson is joining Cox Automotive as chief product officer effective today, reporting to Executive Vice President and Chief Operating Officer Mark O’Neil. In her new role, Johnson will partner closely with the Cox Automotive executive team to focus on building exceptional products that maximize the potential of Cox Automotive … Continued
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks dealers to rate new-car sales and … Continued
Rideshare companies, direct to customer sales models, recruiting, tariffs and if that is not enough over 4 million off-lease cars are hitting the market this year. Dale Pollak is one of the leading professionals in the automotive industry. As the executive vice president of Cox Automotive and founder of vAuto, Pollak has integrated innovation throughout … Continued
U.S. light-vehicle sales are still expected to decline for a second consecutive year in 2018, but implacable demand for high-profit SUVs and the extra cash that last year’s income-tax changes put in some customers’ pockets are helping to soften the fall. Auto sales came in stronger than expected in May, rising 4.7 percent from a … Continued