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DesRosiers Automotive Consultants estimated that Canadian new vehicle sales reached 187,000 units in May 2025 — a 7.9 on USMCA auto parts, expected to take effect on May 3, was postponed. In Canada, counter-tariffs introduced on April 9 are already starting to affect the market. per cent increase over the same month last year.
That’s the reassuring message sent by Cox Automotive senior economist Charlie Chesbrough in “Charlie's Real-Time Quarterly Market Update,” a webinar presented last week by the American International Automobile Dealers Association. Experts are split on whether there will be a significant economic downturn, but, Chesbrough said.
Despite a dip in September sales, Canada’s automarket maintains a robust year-to-date growth, driven by strong performances from key brands. Canada’s automotivemarket experienced a slight setback in September, with sales of new vehicles dropping 3.6 per cent compared to the same month last year.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
Uncertainty is the name of the game right now in the automotivemarket, according to chief economist Jonathan Smoke and Cox’s team of analysts, as consumers wait for any number of things — including.
The Japanese automaker has found enough time to prepare a tidal wave of novelties this year for the automotivemarkets is most fond of. Toyota introduced so many novelties solely across the US automarket that I am a bit afraid to make a list because I might forget some of the most critical mo. Nope, not at all.
automarket, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto industry.
Cox Automotive will occupy the largest exhibition space at NADA Show 2024, Feb. The Cox Automotive Village on site spans almost 29,000 square feet, equivalent to half a football field and includes 10 booths, the Cox Automotive stage, and more than 200 demonstration stations. 1-4 at the Las Vegas Convention Center.
A strategic, well-orchestrated approach to digital engagement is essential in todays competitive automarket. For dealers and brands aiming to increase big-ticket sales, investing in automotive digital marketing solutions ensures they remain visible, credible, and compelling at every stage of the buyer journey.
Introduction In the fast-paced world of automotive retail, independent dealerships often face stiff competition from larger counterparts. While it may seem like a David vs. Goliath scenario, there are strategic approaches that indie dealerships can employ not only to survive but thrive in the market.
Its chief data science officer suggests that this year’s spring market was rather robust and that Q1 showed normalization in the market. “We We are observing a stronger spring used automarket in terms of prices and wholesale activities this year,” Black Book’s Alex Yurchenko said in a news release. was down 14.7%
automotive industry is bracing for lasting impact, especially if a standoff with China escalates into a full-blown trade war. Keeping Drivers in the Driver’s Seat Uncertainty around how far tariffs will go is adding turbulence to the automarket, but certain segments are hanging in there. In April 2025, the U.S.
The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians. Fortunately, the same digital revolution disrupting the automotive industry has spawned solutions for coping with the challenges of repairing today’s automobiles.
The challenge of keeping up with the latest auto repair trends is all too apparent for repair shop owners and managers who are struggling to find and keep well-trained technicians. Fortunately, the same digital revolution disrupting the automotive industry has spawned solutions for coping with the challenges of repairing today’s automobiles.
There aren’t any new models available under $20,000 in the for American car buyers anymore, but emerging automarkets like India have plenty of cheap cars to go around. One of these budget cars just proved that you don’t have to spend a lot of money to be safe. Read more.
Commentary/Analysis: Look for likely higher prices across the broader economy, with the automarket heading into uncharted territory a rough road indeed.
The Consumer Electronics Show (CES) 2024 proved once again that the biggest technology show of the year is also becoming an important automotive show as well. Automotive Technology on Display at CES 2024 Automakers have been incorporating AI into cars for over 10 years. Why the increase? appeared first on AutoSuccessOnline.
automarket already has an affordability problem. Commentary: No mainstream automaker will be immune to the pain, which will almost certainly be transferred to buyers through higher prices.
As dealers bid farewell to the seller’s market after four years of anything but normal, balance is expected to return to the U.S. automarket 1. 1 Given this shift and the variables that exist in today’s retail automotivemarket, one truth remains: a dealer’s bottom line. Businesses can get started now.
Data analysts from the company develop the report, which delves into a range of macro and micro automarket trends through analysis of supply, demand, pricing and consumer behavior across the various Cars Commerce platforms. from December.
Its June 26, 2025, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. From Automotive News : A major trade group representing General Motors, Toyota Motor Corp., In response, Chinese automakers are now targeting an often overlooked automotivemarket: Africa.
The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. automobile dealers.
A surge in wholesale used vehicle prices in the past two weeks signals the beginning of what could be a wild and unpredictable year of ups and downs in the market. The “roller coaster ride predicted by Cox Automotive chief economist Jonathan Smoke is underway. For now, though, the one thing thats clear is things are changing.
Auto dealers are particularly impacted, facing challenges in vehicle availability and profitability. Let’s explore the factors driving inflation in the automotivemarket and discuss strategies for dealers to support their customers through these difficult economic conditions. for used car loans.
automarket, according to the Cox Automotive Dealer Sentiment Index (CADSI). The Q3 current market index was 45, still below the threshold of 50, indicating that more dealers see the current automarket as weak than see the market as strong. Overall dealer sentiment in the U.S. margin of error.
The automarket is facing unpredictability once again. This administration’s imposed (and constantly subject to change) tariffs have driven the industry into uncharted territory. Dealers saw an immediate spike in sales as consumers rushed to buy before prices rose, but experts warn this surge won’t last.
Not surprisingly, it’s in California, according to a report from Realtor.com and Cox Automotive. In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden State. Where’s the most EV-friendly place to own a home?
Auto dealers still don’t like the look of the current market for vehicles. The vehicle market in the U.S. is shifting from a seller’s market to a buyer’s market, and dealers are feeling the pinch of tighter margins and higher costs,” Cox Automotive chief economist Jonathan Smoke said. 13, 2024.
The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. “The vehicle market in the U.S.
New technology holds radical possibilities for the automotive industry at every level of the sales funnel. Artificial intelligence (AI) is already being used for enhancing promotional images, creating videos, and providing other helpful additions to marketing.
The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold.
In the face of uncertainty in the automotivemarket, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. auto dealer respondents, comprised of 550 franchised dealers and 476 independents.
Cox Automotives Dealer Sentiment Index for the second quarter of 2025 offered a stark illustration of the different worlds inhabited by franchised and independent dealers in their outlook of the current used-vehicle sales environment. automarket, which appears to be at an inflection point, Cox Automotive chief economist Jonathan Smoke said.
The Automotive Policy Council, an association representing the Big Three U.S. automakers, issued a statement from its president Matt Blunt urging the President to exempt automotive items that are in accordance with the 2020 United States-Mexico-Canada Agreement from the new tariffs. That order is scheduled to take effect March 12.
Its June 25, 2025, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Hed love to move all auto manufacturing from Mexico to the United States, but theres a problem with that plan: Its not easy for automakers, its not financially viable, and its not going to happen.
Its Friday, June 20, 2025, and this is The Morning Shift , your daily roundup of the top automotive headlines from around the world, in one place. In this mornings edition, were looking at what Trumps tariffs could cost the average car buyer and what theyve already cost the German automotive industry.
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