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Q1 2021 Kelley Blue Book Brand Watch Report: SUVs Hit Another Record; Subaru Models Ride the Wave 05/05/2021 SUVs dominated again in the first quarter as Subaru Outback and Forester rode that wave, according to the Kelley Blue Book Brand Watch™ report for Q1 2021. Kia gained more than other brands, Ford lost a bit of steam, and Ram returned to a winning streak in terms of factors important to shoppers. The Kelley Blue Book Brand Watch report is a consumer perception survey that… Read Article

Kelley Blue Book Brand Watch Market Insights Commentary & Voices

Cox Automotive Analysis: Stellantis’ Q1 2021 U.S. Market Performance 05/04/2021 Stellantis, now the world’s fourth-largest auto company by sales volume, will report its first-quarter 2021 financial results Wednesday, May 5. It will be the first quarterly financial results from the company formed officially early in the quarter by the merger of Fiat Chrysler and PSA (Peugeot) Group. In the U.S., the company improved its sales performance from last year’s pandemic quarter but is not back to… Read Article

Stellantis Market Insights Data Point

It’s the Best Time Ever to Sell a Used Car — as Long as You Don’t Need to Buy One 05/04/2021 Los Angeles Times, May 4, 2021 – Clarissa Iliff logged about 78,000 miles on her trusty 2015 Ford Focus before a looming new car purchase rendered it expendable earlier this year. Trying to unload it, the Orange resident took the Ford to a local car dealership, which offered her $4,850 for the sedan in late March. But that was about $1,000 less than the low-end valuation… Read Article

News Coverage

Cox Automotive Analysis: GM’s Q1 2021 U.S. Market Performance 05/04/2021 General Motors posts first-quarter 2021 financial results on Wednesday, May 5. Analysts expect strong earnings on higher revenues. They will look for GM’s take on the global computer chip shortage and its anticipated effect on GM’s sales and operations. GM did not return to pre-pandemic sales levels across the board as it was hampered by production disruptions across numerous products and plants due to the chip… Read Article

GM General Motors Market Insights Data Point

Cox Automotive Auto Market Report: May 4 05/04/2021 After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into actionable insights. Download this week’s presentation. Read Article

Market Insights Smoke on Cars

Low Inventory and High Prices Can’t Slow U.S. Auto Sales 05/03/2021 Light vehicle sales continue on a hot streak, with April sales coming in ahead of the Cox Automotive forecast. Initial estimates are putting the seasonally adjusted average rate (SAAR) of sales well above 18 million. When the counting is finished, April 2021 might well be among the strongest months ever for U.S. auto sales. Indications are product shortages and low incentives are not sidelining vehicle buyers;… Read Article

Market Insights Commentary & Voices

Rental Companies Buy Up Used Cars as Microchip Crisis Gets Worse 05/03/2021 Bloomberg, May 3, 2021 – The semiconductor shortage has slashed vehicle production so much that rental-car companies can’t get the new cars they need, so they have resorted to buying used vehicles at auction. This is uncharted territory for the likes of Hretz Global Holdings Inc. and Enterprise Holdings Inc., which have made their profits by purchasing new vehicles cheaply in bulk, renting them out for… Read Article

News Coverage

Auto Market Weekly Summary 05/03/2021 The declining trend in new daily COVID-19 cases accelerated this week, but the vaccination pace also slowed. Consumer sentiment improved, and all measures of consumer confidence saw strong gains in April. Economic activity is continuing to pick up. First-quarter GDP growth accelerated, and spending grew strongly in March to end the quarter, supported by stimulus and a jump in income. Economic growth accelerates: The first estimate of… Read Article

Market Insights Smoke on Cars Economy & Trends

Dale Pollak: A Case of Moonshots and Missed Shots in Used Vehicles 04/30/2021 Cox Automotive has been reporting on the rise of used-vehicle prices for months now. Lately, a new variable has entered the mix – rapidly depleting used-vehicle inventory levels. With the current demand-supply dynamics at play, dealers may be tempted to default to moonshot pricing. However, Dale Pollak, founder of vAuto and executive vice president of Cox Automotive, wrote a recent blog post addressing trends he spotted… Read Article

dale pollak vAuto ProfitTime Market Insights Commentary & Voices

Auto Sales Remain Healthy Even With Incentive Spending at 5-Year Low 04/30/2021 Cox Automotive is forecasting healthy auto sales in April, despite tight new-vehicle inventory limiting consumer choice. The forecast calls for sales of 1,360,000 vehicles in the month, a 90% jump from the pandemic-stricken sales volume of last year and up more than 2% from April 2019. Volume of 1.36 million will push the seasonally adjusted annual rate (SAAR) of sales to a healthy 16.5 million. Charlie… Read Article

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