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Tag Archives: Cox Automotive
Forecast is Finally Normal for 2024 US Auto Market
“Our research suggests that Americans are putting more emphasis on buying/owning personal transportation, in contrast to 2018 and 2019, when consumers put a higher value on “access to transportation,” said Jonathan Smoke Cox Automotive Chief Economist. “And after tumbling in 2021 and 2022, satisfaction with the car buying process is expected to improve in the year ahead, thanks in part to better inventory and the return of discounting, but also from improved processes at the dealership that save time and make car buying more efficient.” Continue reading
Cox Automotive Study – EV Consideration at Record High
“Education for both consumers and dealers remains a critical factor in driving widespread confidence and adoption of electric vehicles,” said Kayla Reynolds, Manager of Research & Market Intelligence, Cox Automotive Mobility. “For dealers specifically, preparation is paramount, and our findings emphasize the urgency of equipping dealers with EV sales and servicing capabilities to meet the needs and demands of EV buyers.” Continue reading
U.S. Vehicle Sales Forecast Flat for May 2018
As a trend noted by AutoInformed for a long time, car sales are expected to decline yet again. May will see double-digit declines. Truck and SUV/CUVs share growth will continue. Continue reading
Manheim – Used-Vehicle Prices Drop in January
Wholesale used-vehicle prices decreased 1.0% from December during the first 15 days of January, according to data just released by industry expert Manheim.* The Manheim mid-month Used Vehicle Value Index dropped to 201.9, which was down 10.2% from the full … Continue reading →