Market Insights Archives - Cox Automotive Inc.

Dealer Forward: Reimagining Automotive Retail Episode 1 04/10/2020 Cox Automotive has launched Dealer Forward: Reimagining Automotive Retail, a weekly panel discussion that focuses on building resilience in three key auto retail areas which airs on CBT Automotive Network. The first episode features Lori Wittman, senior vice president of dealer software and James Maynard, senior vice president of product development at Cox Automotive. They are joined by Tully Williams, director of parts and service for… Read Article

Market Insights Commentary & Voices

Charlie Chesbrough on Memorial Day Sales Results, Q2 Predictions, and Other Industry Trends 06/03/2019 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 year’s numbers so far and what we can expect for Q2… Read Article

Market Insights News Coverage Commentary & Voices Economy & Trends

Auto Market Weekly Summary 04/22/2019 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 the auto market and the economy. Retail sales reverse: Retail sales… Read Article

Market Insights Smoke on Cars

Spring Bounce in Used Car Demand and Values Ignores Lower Tax Refunds 04/15/2019 We now know from the IRS statistics that tax refunds have indeed been lower this year as we had feared would be the case. Total refunds are down 1.5% in number and down 2.6% in dollar amount through April 5. The decline amounts to $6 billion less being pumped into consumers’ pockets. The average refund is now down by 1.1% year-over-year. However, we have also seen… Read Article

Market Insights Smoke on Cars

Auto Market Weekly Summary 04/15/2019 Despite tame inflation, Fed patience with raising interest rates, wage gains and other positive economic signs, consumers are increasingly nervous, not about today, but about the future. Consumer sentiment dips: The initial reading on Consumer Sentiment from the University of Michigan fell in March, and the April initial reading was also below forecast. Consumers are becoming more nervous about the economy slowing. Such fears will likely… Read Article

Market Insights Smoke on Cars Economy & Trends

The Tesla Conundrum: The Brand is Gold, the Financials are Not 01/30/2019 Tesla released fourth-quarter and full-year 2018 financial results today that illustrate the electric-vehicle maker faces formidable challenges, compounded by the fact that numerous new EV competitors are gunning for Tesla with new models. But where Tesla excels is in strength of its brand and shopping consideration in the electric vehicle segment, according to Cox Automotive data. Tesla’s Challenges Are Many Tesla’s share price has fallen almost… Read Article

Market Insights Commentary & Voices

Autotrader’s Krebs Talks 2019 Auto Sales, What’s Hot And What’s Not 01/13/2019 M2 TechCast, Jan. 13, 2019 -- Michelle Krebs, a senior analyst with Autotrader, joins Mike Brennan on his M2 TechCast podcast to talk about the outlook for 2019 North American auto and light truck sales – down somewhat from 2018. On this episode, she also outlines some of the major issues that could impact sales, including tariffs, labor talks and more. Plus what vehicles will be… Read Article

Market Insights Commentary & Voices Economy & Trends

Cox Automotive Industry Insights: Q3 2018 Data for FCA, Ford, GM and Tesla 10/23/2018 Tomorrow, Wednesday, Oct. 24, after the market close, both Ford Motor Company and Tesla will report Q3 2018 financial results, kicking off an important earning season for the domestic auto makers. FCA and General Motors will report Q3 numbers the following week. Ahead of the earnings, Cox Automotive’s Industry Insights team pulled together a quick snapshot of U.S. market performance including brand sales, market share, and… Read Article

Tesla Ford FCA GM Market Insights Commentary & Voices

Hurricane Michael 10/10/2018 Hurricane Michael is hitting the Florida Panhandle today as a strong Category 4 hurricane. Reports from the National Hurricane Center indicate maximum sustained winds of 145 mph—a major weather event. Looking at the area to be most affected by the storm, Jonathan Smoke and the Cox Automotive Industry Insights team are estimating that vehicle loss rates will be lower—perhaps half—the numbers lost in Hurricane Florence last… Read Article

Hurricane Market Insights Commentary & Voices

The United States-Mexico-Canada Agreement 10/01/2018 Beating an important deadline, Canada last evening agreed to a proposed deal that would ultimately replace the North American Free Trade Agreement. While details of the new United States-Mexico-Canada Agreement – USMCA – are yet to be finalized, the new guidelines for trade across North America is an important milestone for the auto industry. The actual agreement (you can read the 1000-plus pages here:TEXT) still needs… Read Article

Canada mexico Market Insights Commentary & Voices