This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Automotive cybersecurity firm VicOne explored those threats, along with trends, predictions and recommendations, in Shifting Gears: VicOne 2025 Automotive Cybersecurity Report , an in-depth analysis that found concerning signs for the global automotive industry in 2025, the company said. The full report can be downloaded here.
The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was just released. Key takeaways from February include: The estimated February new-vehicle ATP from Kelley Blue Book was $48,039, a year-over-year gain of 1.0%, but lower by 1.3% Incentives for electricvehicles (EVs) increased.
New vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. Average transaction prices (ATPs), as measured by Cox Automotives Kelley Blue Book , typically peak in December, as high-priced models from luxury makers often sell well in the final month of the year.
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. “Certainly, a theme that continues through all of the findings is that the first quarter is better than a year ago for sure,” noted Cox Automotive Chief Economist Jonathan Smoke. Expectations for the electricvehicle market rose in Q1.
The average June vehicle prices ticked higher, according to data from Kelley Blue Book, a Cox Automotive brand. EV prices decline as incentives reach record levels Electricvehicles saw declining prices and rising incentives. The average transaction price (ATP) in June reached $48,907 — up 0.4%
Upstream’s report, Under Pressure: Why After-Sales Quality Strategies Must Evolve in the Age of Connected Vehicle Data and AI , said the causes of 70% of all recalls since 2020 and 89% of those involving electricvehicles could have been detected earlier using connected vehicle signals.
With rising customer expectations, increasing competition, and ongoing automotive technology improvements, auto repair professionals must find ways to streamline operations. Investing in ongoing training ensures your team stays up-to-date with the latest automotive technologies and repair techniques.
According to customer review and reputation management platform Widewail’s latest research, released in its Q1 2025 Automotive Voice of the Customer Report , tariffs are just the tiniest blip on the radar screen among customers, mentioned in just 450 of the 1.4 The full report can be downloaded here. Murray said the 1.4
Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The automotive M&A advisory firms semiannual Market Outlook Report , released this week in conjunction with the NADA Show, said its data shows American consumers have reached peak truck. The full report can be downloaded here.
Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Once the test is passed, the test-taker receives an electronic credential and a certificate that can be downloaded and printed for display.
Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Once the test is passed, the test-taker receives an electronic credential and a certificate that can be downloaded and printed for display.
Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Once the test is passed, the test-taker receives an electronic credential and a certificate that can be downloaded and printed for display.
TechForce Foundation announced it has released its 2023 Technician Supply & Demand Report which shows that, for the first time in 10 years, collective completions of postsecondary automotive, collision, diesel and aviation programs have increased. for automotive and 1.2 from 2021 to 2022, outpacing the overall U.S. for diesel, 2.6
It might not be an earthquake, but the landscape of electricvehicles is beginning to shift. That shift, according to Experian’s Automotive Consumer Trends Report: Q2 2024 , is slowly moving the EV market away from the dominance of luxury models. The full report is available for download here. in Q2 2023.
Dealership service departments are not only losing market share to general repair shops — they’re also losing the trust of consumers, according to the latest research by Cox Automotive. As a result, they’re bringing their vehicle in for service or maintenance more often: an average of 2.5 for the average gas vehicle.
New research released by Cox Automotive on the U.S. vehicle service industry shows that franchised dealerships continue to lose share to general repair shops. Owners are also visiting service centers more often, according to the Cox Automotive study: In 2023, the average owner had their vehicle in for service or maintenance 2.5
Despite growing interest, a gap exists between consumer enthusiasm for electricvehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. automotive dealers regarding sales and service. As the Cox Automotive study shows, EV consideration is well ahead of sales.
A second, significant wave of shoppers ready to consider buying an electricvehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. Last year, EV sales in the U.S. after peaking in 2022.
Electric-vehicle naysayers likely harp on challenges such as outdated and insufficient infrastructure, alongside environmental regulatory programs, as hurdles to continued expansion of EVs and battery manufacturing in the U.S. The firm pointed out automotive companies and battery makers are driving innovation.
Hybrids and electricvehicles surpassed 16% of the total 2023 U.S. light-vehicle sales. With the uptick of their popularity, shops are seeing more of these vehicles in the service bays. This industry-developed program provides two options to certify shop personnel based on their involvement with xEVs.
Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Once the test is passed, the test-taker receives an electronic credential and a certificate that can be downloaded and printed for display.
Although hybrids have been around for more than 20 years, many shops are not familiar with the risks of high-voltage vehicles or are not comfortable working on or around them. Once the test is passed, the test-taker receives an electronic credential and a certificate that can be downloaded and printed for display.
With the first installment titled, “Shifting Gears: A Comprehensive Overview of Automotive Trends in 2023,” experts released the 2024 Vehicle Depreciation Report , which presents key developments and data from the U.S. new- and used-vehicle markets, including notable trends in depreciation, sales and fleet performance.
auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). “The latest index indicates that persistently high interest rates and lingering concerns about the economy and market conditions are dampening overall dealer sentiment,” said Cox Automotive Chief Economist Jonathan Smoke. margin of error.
The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. “The recent resolution of political uncertainty following the presidential election has cleared the path for a more optimistic outlook on future auto market conditions,” said Jonathan Smoke , chief economist at Cox Automotive.
Auto dealers still don’t like the look of the current market for vehicles. The Cox Automotive Dealer Sentiment Index for the first quarter of 2024 shows dealers’ view of the market has improved only slightly, up to 42 (out of 100) from Q4 2023’s dismal score of 40 — the lowest since the beginning of the COVID pandemic in the spring of 2020.
Among those sales, the sell-side advisors for auto dealers said, was the third-largest transaction in auto retail history – the sale of Jim Koons Automotive’s 20 dealerships, generating $3 billion in revenue, to Asbury Automotive Group. A preview of the report can be downloaded here. Click here to subscribe for the full report.
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.
The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. Cox Automotive Chief Economist Jonathan Smoke noted, “There is a lot of uncertainty in this market, leaving consumers and dealers alike unsure of the road ahead. Visit coxautoinc.com.
In the face of uncertainty in the automotive market, 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. Methodology The Q1 2024 Cox Automotive Dealer Sentiment Index is based on a survey of 1,026 U.S.
The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release.
The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was released. Key takeaways in January include: The new-vehicle ATP in January was lower versus December by 2.2%, falling to $48,641. A year ago, the new-vehicle ATP was $48,031. Data tables are available for download.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content