Tag: industry insights
Average new car prices increase again in August, setting new record
Kelley Blue Book released updated data on Monday, showing that new car prices increased in August for the fifth month and set another record...
Market outlook reaches record low according to Cox Automotive’s Q3 Dealer...
The Cox Automotive Dealer Sentiment Index for the third quarter of 2022 shows that auto dealers have a mostly pessimistic view of the market, likely...
New vehicle inventory improves in July, but remains lower than pre-pandemic...
According to newly released insights from Cox Automotive's analysis of vAuto available inventory data, new-vehicle inventory numbers are improving slightly. New-vehicle inventory was slightly higher at the...
How are dealer markups affecting brand and dealership loyalty?
While inflation is widely in effect across the country, dealerships have continued to mark up vehicle prices beyond the recommended MSRPs. In May this...
Certified pre-owned sales decline in May after four consecutive months of...
Sales of certified pre-owned vehicles fell by 7% from sales posted in April 2022, according to industry expert Cox Automotive. The year-over-year decline is...
Auto industry stakeholders need to come together on a standardized data...
The automobile industry is facing significant disruption on multiple fronts. Access to data, sharing of data, and control of data have been at the...
What does Cox Automotive forecast for the automotive industry in 2022?
Cox Automotive has released its 2022 forecast, which predicts that new car sales will increase, used car sales will remain strong, the ongoing inventory...
Former Ford exec. Mark LaNeve on creating EV infrastructure with startup,...
As we all know, the EV revolution is here and happening. EV sales continue to climb as the automotive industry moves towards a more...
3 auto industry trends that will become more important in 5-10...
We often talk about dealer profitability, digital retailing, sales training, and other subjects related to what’s currently happening in the auto industry. However, today...
Kevin Tynan, Bloomberg Senior Automotive Analyst, Shares His Industry Insight
As part of our continuing coverage of the Coronavirus, we’re pleased to welcome Kevin Tynan, Senior Automotive Analyst at Bloomberg Intelligence. In this segment, Kevin...
