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Register Now to Attend the Q3 Cox Automotive Sales Forecast Call 09/21/2020 Join us for the Q3 Cox Automotive Sales Forecast Call hosted by Chief Economist Jonathan Smoke and Senior Economist Charlie Chesbrough on Monday, Sept. 28, 11 a.m. EDT. During this 90-minute webinar, you will hear from Jonathan, Charlie and other members of the team on how the auto industry performed in the third quarter and how the Cox Automotive Industry Insights team sees the industry recovery… Read Article

Press Releases

It’s Still Day 1 for Vehicle Subscriptions 09/21/2020 Jeff Bezos is fond of declaring it's still "Day 1" for Amazon. Staying in "Day 1" means you can do more for your customers — it requires you to experiment patiently, accept failures and double down when you see customer delight. Why is this relevant? In a July 13 editorial, "Subscriptions don't pay off but worth the try," Automotive News called time on vehicle subscriptions, stating, "The early… Read Article

Market Insights Commentary & Voices

Auto Market Weekly Summary 09/21/2020 The number of daily new COVID-19 cases is increasing again, due to lax behavior over the Labor Day holiday weekend, much like we saw after Memorial Day. Momentum in several parts of the economy appears to be stalling. Retail sales barely rise: Retail sales barely increased in aggregate in August, and the gain was assisted by changes to the normal seasonal adjustment. Without that change, the… Read Article

Market Insights Smoke on Cars Economy & Trends

Cox Automotive Mobility White Paper Explores Post-COVID-19 EV Market 09/21/2020 ATLANTA, Sept. 21, 2020 – While the electric vehicle (EV) market will take a hit in 2020, it will be more of a stall out than a vanishing act. Electric adoption is inevitable, but its pace is a big question. The latest white paper from Cox Automotive Mobility, titled “COVID-19 Recovery: Speed Bump or Accelerant for the EV Market?,” addresses the tailwinds, headwinds and whirlwinds impacting the… Read Article

Press Releases

Wholesale Prices Begin To Cool 09/17/2020 Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used Vehicle Value Index for September and general information on segment performance for the first 15 days of September. The complete suite of monthly MUVVI data… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Fed Affirms Continued Low Rates, but in the Near Term Consumers Aren’t Seeing Lower Rates 09/16/2020 Today’s Fed announcement was not about current rate levels, which remain near zero, but about expectations for the economy, guidance on rates long term, and elaboration on what it will take to shift away from low rates when the time comes. A key phrase in their announcement was “…the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages… Read Article

Market Insights Smoke on Cars Economy & Trends

Used-Vehicle Supply Stabilizes; Prices Climb 09/16/2020 Used-vehicle prices keep rising while the inventory of unsold used vehicles stabilizes and even slightly improves in contrast to new-vehicle inventory that is falling, according to a Cox Automotive analysis of vAuto Available Inventory data. As of the start of this week, the total U.S. supply of unsold used vehicles stood at 2.23 million, edging slightly up from a month ago when it was 2.20 million… Read Article

Inventory used-vehicle inventory Market Insights Data Point

Week #26 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 09/15/2020 Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

CPO Sales Drop in August, Remain Down 9% Overall 09/15/2020 Sales of certified pre-owned (CPO) vehicles decreased 9% year over year in August and were down 6% month over month compared to July. For August, 238,498 CPO units were sold. CPO sales were on the rise for the past two months. Reflecting huge decreases in March and April and the impact of COVID-19, CPO sales are down 9% year to date versus the same time in… Read Article

CPO certified pre-owned Market Insights Data Point

Dealer Forward Marketing Edition: Shifting Consumer Preferences 09/15/2020 Welcome to Dealer Forward: Reimagining Automotive Retail, a panel discussion that focuses on building resilience in three key auto retail areas – marketing, dealership performance and fixed operations. In this week’s episode, Wayne Pastore, general manager of Dealer.com and vice president of operations for dealer marketing, at Cox Automotive, discusses tactical approaches to embrace shifting consumer preferences with Jeff Ramsey, eCommerce & marketing director at Jones Junction.… Read Article

Market Insights Commentary & Voices

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