The latest Cox Automotive Report released today in AutoInformed’s view shows that Trump Chaos was, is and remains bad for the auto business.*
“Cox Automotive leading g indicators are mixed … in mid-June with a decreasing week-over -week trend related to service appointments, which were down 4% against 2024 in the week ending June 14 as geopolitical issues drive down consumer sentiment. We risk seeing momentum further decline in retail vehicle sales with scorching temperatures at the start of summer. Consumers may stay inside and away from dealerships with high prices and high uncertainty about what comes next in Iran and with uncertainty about when gas prices, interest rates and – of course – tariffs will come back down,” said Jonathan Smoke, Chief Economist.**
Cox Automotive Leading Indicators
- Dealer leads are up year over year so far in June on Autotrader, but are down on Kelley Blue Book, and leads are up for the month so far compared to May on Kelley Blue Book but down on Autotrader.
- Unique leads per dealer are down year over year in June for both new and used vehicles on websites hosted by Dealer.com, and new and used leads are down for the month compared to May.
- Unique credit applications per dealer on Dealertrack were up 8% year over year last week, with the trend improving week-over-week in aggregate, with improving trends in both new and used vehicle credit applications.
- Service trends on Xtime relative to last year declined in the week ending June 14, as completed appointments were down 3% year over year.
*AutoInformed on
- CARB Blasts Trump’s Attack on California Clean Air Act
- Trump Tariff Chaos Continues Despite Court Ruling
- Trump Tariff Chaos – May Auto Sales Crash*
**Cox Automotive
Cox Automotive says it is the world’s largest automotive services and technology provider. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, Cox Automotive tailors leading solutions for car shoppers, automakers, dealers, retailers, lenders, and fleet owners. The company has 25,000-plus employees on five continents and a family of trusted brands that includes Autotrader®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital™, and vAuto®. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately owned, Atlanta-based company with $22 billion in annual revenue.
