Market Insights and Outlook - Cox Automotive Inc.

Commentary & Voices Our team of analysts and experts share their reactions, insights and unique perspectives on the behaviors, data and industry moves that are affecting the broader automotive business.

4 min read

Inventory Isn’t the Only Challenge in Automotive Right Now 07/13/2021 We find ourselves right in the middle of one of the most unusual automotive markets any of us can remember. Inventory shortages on the new and used car sides, along with the corresponding price increases, have been dominating the headlines. However, there’s one area that’s been deeply affected by COVID-19 that hasn’t gotten a lot of ink: the cost and time it takes to transport vehicles.… Read Article

Market Insights Commentary & Voices

1 min read

Q2 2021 Manheim Used Vehicle Value Index Call Replay Available 07/09/2021 A replay of the Q2 2021 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Kayla Reynolds, industry intelligence analyst for Cox Automotive, is available below. Smoke and Reynolds were joined by Kevin Chartier, vice president of Manheim Consulting, and Joe Kichler, vice president of Manheim Logistics. Chartier highlighted key wholesale pricing and sales conversion metrics. Kichler shared an update on data… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

4 min read

Cox Automotive Commentary: June and First Half 2021 U.S. Auto Sales 07/01/2021 While not all automakers have finalized their sales results for the first half yet, the direction for the industry is clear: The sales frenzy that fueled the market through the spring has clearly passed. June new-vehicle sales appear to be coming in below our initial forecast, and we expect limited supply is the cause. Inventory has been tight in 2021 compared to historical levels, and the industry has… Read Article

Cox Automotive commentary Sales commentary Market Insights Smoke on Cars Commentary & Voices

1 min read

2021 Mid-Year Review Replay Available 06/29/2021 At the 2021 Mid-Year review held on June 28, the Cox Automotive Industry Insights team presented their view of the first half of the year. Led by Chief Economist Jonathan Smoke, the team provided insights and data to help quantify how the consumer, the industry and the economy performed in the first half of 2021 and reviewed our 2021 forecasts. Download the Presentation. For more information… Read Article

Mid-Year Review Market Insights Smoke on Cars Commentary & Voices

1 min read

Dealer Advantage: How to Thrive in a Digitally Accelerated Landscape 06/28/2021 Welcome to another edition of Dealer Advantage on CBT News. Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive, hosts a conversation with Linda Crossman of Byers Auto Group about exploring paths to thrive and profit in today’s automotive retail environment. Watch this Episode. For more information on the Thrivers Study, download the Thrivers eBook here. Read Article

Digital Retailing Thrivers Market Insights Commentary & Voices

2 min read

The Right Staffing Strategy, Today and Tomorrow 06/21/2021 Attracting and retaining employees has been a long-standing challenge for automotive dealerships, and it is especially now as we find ourselves in the midst of a tighter than the normal labor market. As the competition for talent continues to heat up, dealers find themselves often competing with employers in other industries in addition to other dealerships. This situation can be extremely frustrating since the stakes are high when… Read Article

Dealership Staffing Study Market Insights Commentary & Voices

15 min read

Cox Automotive Dealer Sentiment Index – Second Quarter 2021 06/14/2021 Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchised and independent auto dealers from around the country, the Cox Automotive Dealer Sentiment Index (CADSI) 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-vehicle sales and used-vehicle sales separately along with… Read Article

Cox Automotive Dealer Sentiment Index CADSI Market Insights Commentary & Voices

2 min read

Safety Means Preparing for the Unexpected 06/09/2021 June is National Safety Month and, more than ever, the past year has pushed us to think more deeply about how safety must continue to be a core part of our strategic goals. The global pandemic was for Cox Automotive, as it was for everyone, a crash course in workplace safety, requiring us to create and adhere to new safety protocols, address workplace concerns, and listen carefully to the needs of our… Read Article

Market Insights Commentary & Voices

2 min read

May Sales Showcase Continued Strong Demand 06/02/2021 May automobiles sales are being reported by some automakers and early indications are results will be near the Cox Automotive forecast released last week. Our forecast called for year-over-year volume growth of near 40%, with market volume near 2019 levels. With the pandemic in the U.S. shifting to the rearview mirror, demand for new vehicles is BTN – Back to Normal. Inventory, however, continues to hold… Read Article

new-vehicle sales Sales commentary Market Insights Commentary & Voices

3 min read

Commentary: Independent Dealers are Poised to Thrive as Driving Force in Recovery 05/21/2021 The used-vehicle market reaches 40 million units sold in a good year, dwarfing the new-vehicle business. While roughly 45% of used vehicle sales are private party—neighbor to neighbor deals—the growing majority are retail sales closed at dealerships. Independent dealers, often overlooked by industry observers and media alike, are a driving force in this corner of the business: More than half of retail used-vehicle sales and nearly… Read Article

used cars used-car inventory used-vehicle sales independent dealers Market Insights Commentary & Voices

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