Market Insights and Outlook - Cox Automotive Inc.

All Smoke on Cars Commentary & Voices Data Point Economy & Trends

Cox Automotive Dealer Sentiment Index – Fourth Quarter 2018 December 10, 2018 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 used-car sales separately along with a variety of key drivers… Read Article

Commentary & Voices Economy & Trends

Wholesale Prices Retreat From Record High December 7, 2018 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.32 percent month-over-month in November. This brought the Manheim Used Vehicle Value Index to 139.0, a 3.3 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, November saw continued normalizing depreciation. Three-year-old vehicles ended the month worth 2.7 percent more than they would normally have been… Read Article

Manheim Vehicle Value Index Market Insights Commentary & Voices

Waymo One Launches in Phoenix December 5, 2018 Waymo, the autonomous vehicle division of Alphabet, announced today plans to launch a commercial self-driving vehicle service. Called Waymo One, the new service will initially be available to members of Waymo’s early rider pilot program in the Phoenix area. In making the announcement, Waymo also shared its intent to make Waymo One available to even more members of the public, adding vehicles and the service to… Read Article

Market Insights Commentary & Voices

November 2018 U.S. Automotive Sales December 3, 2018 Auto sales in November 2018 continued at a healthy pace. Full-year 2018 sales are on course to beat 2017 and pass the 17-million milestone for the fourth straight year, a record streak. While General Motors did not make November sales public, the Cox Automotive team is estimating the company delivered sales better than our initial forecast of 235,000 vehicles, a year-over-year decline of 4.2 percent. With… Read Article

Market Insights Commentary & Voices

United States-Mexico-Canada Agreement November 30, 2018 This morning in Argentina, President Trump was joined by the presidents of Mexico and Canada in the signing of an update to the North American Free Trade Agreement. With approximately 4 million vehicles built in Canada and Mexico sold in the U.S. in the past 12 months, automobiles are a headline issue in the new agreement. Below you will find initial commentary from the Cox Automotive… Read Article

Market Insights Commentary & Voices

Cruise Appoints New CEO, Dan Ammann, Autotrader Comments November 28, 2018 Below are some comments from Michelle Krebs around the announcement of Dan Ammann leaving his role as President of GM and moving onto leading Cruise as CEO. If you have any questions or would like to speak to one of our analysts at Autotrader or Kelley Blue Book, please let us know. From Michelle Krebs, executive analyst at Autotrader: “GM’s Dan Ammann has long led the… Read Article

Market Insights Commentary & Voices

General Motors to Shutter Plants, Slash Workforce November 26, 2018 It’s Monday, and L.A. Auto Show media-preview week. The news has already begun, with General Motors this morning confirming major production moves and staff reductions, with multiple plant closings impacting upwards of 6,000 workers. Salary workforce reductions in the 15 percent range are also underway as G.M. looks to save nearly $5 billion a year in costs. A General Motors press release confirming the actions can… Read Article

Market Insights Commentary & Voices

Nissan-Renault Chairman Carlos Ghosn Arrested in Tokyo November 19, 2018 At a press conference in Japan today, Nissan Motor Company announced that its Chief Executive Officer Hiroto Saikawa has moved to dismiss Carlos Ghosn from his positions as Chairman and Representative Director of the company. Ghosn, a former CEO of Nissan and current Chairman of both Renault and Mitsubishi, had been the subject of an internal investigation at Nissan that uncovered “significant” financial misconduct. The Nissan… Read Article

Market Insights Commentary & Voices

Used Vehicle Values Increase Again for Record November 7, 2018 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.72 percent month-over-month in October. This brought the Manheim Used Vehicle Value Index to 140.9, a 3.4 percent increase from a year ago and a record high for the Index. Looking at trends in weekly Manheim Market Report (MMR) prices, October saw continued normalizing depreciation. Even after that normalization, 3-year-old vehicles ended October… Read Article

Manheim Used Vehicle Value Index Market Insights Commentary & Voices

October 2018 U.S. Automotive Sales November 1, 2018 October 2018 auto sales in the U.S. came in higher than anticipated, beating the Cox Automotive forecast of 1.33 million vehicles sold. Trucks, SUVs and CUVs carried the month, again, with one manufacturer noting “historic” truck sales. While General Motors did not release October sales, the Cox Automotive team is estimating the company delivered sales better than our initial forecast of 229,000, a 9.4 percent drop… Read Article

Market Insights Commentary & Voices