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Used Car Prices Down 15% Over 9 Months, Sign Of Inflation Coming Down?
Wednesday, November 9, 2022 - 1:09pm | 744Consumers looking to purchase a used vehicle in the fourth quarter of this year from used car marketplaces like Carvana Co (NYSE: CVNA) and CarGurus Inc (NASDAQ: CARG) are in for a treat. But, if you’re an investor in either company, you may want to skip the next part. For The Investor:...
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EXCLUSIVE: Michelle Krebs Of Cox Automotive Says 'If An Economic Recession Hits The US, Vehicle Sales Are Not Going To Be Affected Much'
Tuesday, July 19, 2022 - 12:32pm | 619The average price of a new automobile sold in America in June was $48,043, according to Kelly Blue Book, a Cox Automotive company. This is the highest average price ever and the first time it has been above the $48,000 mark. The average for June was 1.8% higher than May's and 12.7% higher than...
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Analysis: Santander Share Buybacks Come Alongside Rising Auto Loan Delinquencies
Monday, October 14, 2019 - 1:04pm | 1004In the Federal Reserve's second-quarter report on household debt and credit, a rise in auto loan delinquencies was identified, resparking an old conversation regarding subprime auto financing by lenders like Credit Acceptance Corp. (NASDAQ: CACC) and Banco Santander SA (NYSE: SAN)...
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Rivian Nabs $350M From Cox Automotive
Wednesday, September 11, 2019 - 9:07am | 467For Rivian, good things come in threes. Following a $700 million raise led by Amazon.com, Inc. (NASDAQ: AMZN) in February and another $500 million investment from Ford in April, electric-vehicle maker Rivian has hit the jackpot once again, announcing on Sept. 10 that it received a $350 million...
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January Auto Sales Freeze Amid Poor Weather, Federal Shutdown
Monday, February 4, 2019 - 6:00pm | 584January was a rough month for American automakers, with waning consumer confidence chipping at the sector’s foundation. “Record cold weather during the last week of January likely had a negative impact on sales,” Cox Automotive senior economist Charlie Chesbrough said in a report...
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Truckin': Auto Sales Pivot Away From Cars In 2018
Friday, January 4, 2019 - 9:22am | 1324It was another generally strong year for the auto industry, though it might be better described as the light truck and SUV industry. Analysts said Americans used money freed up by tax cuts to buy new vehicles. Buoyed by a strong economy, corporate buyers also got in on new car fever, with fleet...
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Tesla's Q3 Earnings Call: 10 Things To Look For
Wednesday, October 24, 2018 - 10:53am | 554It’s hibernation time for Tesla Inc (NASDAQ: TSLA) bears. CEO Elon Musk’s eagerness to release third-quarter earnings has inspired fresh optimism from even critics like Andrew Left. Wednesday’s post-market report may win over even more. Cox Automotive analyst Michelle Krebs is...
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6 Things To Watch For On Ford's Q3 Earnings Call
Tuesday, October 23, 2018 - 4:08pm | 402Ford Motor Company (NYSE: F) will issue third-quarter results Wednesday afternoon. Analysts who cover Ford expect the company to report earnings of 28 cents per share on sales of $33.3 billion. Although Ford has historically reported earnings before the open of the U.S. markets, the company...
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Fiat Chrysler Outsells Ford In 'Month To Remember'
Tuesday, October 2, 2018 - 5:02pm | 809Sales at most automakers came in slightly under Cox Automotive's estimates in September, with the exception of Nissan. Fiat Chrysler Outguns Ford GM (NYSE: GM) led competitors with a Cox forecast of 235,000 vehicles sold, followed by Toyota (NYSE: TM) (203,098), Fiat Chrysler (NYSE: FCAU) (199,...
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Toyota Again Trounces US Peers In North American Auto Sales
Tuesday, September 4, 2018 - 1:36pm | 799August auto sales were as healthy as Cox Automotive anticipated. Toyota Motor Corp (ADR) (NYSE: TM) led the pack with 223,055 vehicle sales, followed by Ford Motor Company (NYSE: F) (218,504), Fiat Chrysler Automobiles NV (NYSE: FCAU) (193,718) and Honda Motor Co Ltd (ADR) (NYSE: HMC) (147,903)....
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Toyota Tops Ford In July Auto Sales As Most Automakers Suffer North American Declines
Wednesday, August 1, 2018 - 11:43am | 623U.S. automakers signaled trade-related issues in their quarterly earnings reports; July’s auto sales better illustrated the struggle. For the first time in a while, the domestic automakers reporting monthly figures did not lead in North American sales volume. Toyota Motor Corp (ADR) (NYSE: TM...
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Strong June Auto Sales Could Represent 'Peak Market'
Tuesday, July 3, 2018 - 12:41pm | 557With the aid of an extra selling day, automakers reported positive but hard-to-replicate performancein June. “All indicators tell us that we have reached peak market and it won’t be getting better from here,” Charlie Chesbrough, senior economist at Cox Automotive, said in a...
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Ford, FCA, Honda Post Sales Growth As Toyota Languishes
Friday, June 1, 2018 - 12:25pm | 673The auto industry didn’t set as many records in May as it did in preceding months, but it continued a streak of outperformance. Ford Motor Company (NYSE: F) led the pack with 242,824 units sold, followed by Toyota Motor Corp (ADR) (NYSE: TM) (215,321), Fiat Chrysler Automobiles NV (NYSE: FCAU...
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April Auto Sales Fall; Fiat Chrysler's Jeep Is 'Back In The Game'
Tuesday, May 1, 2018 - 2:26pm | 867With the exception of a Jeep-driven Fiat Chrysler Automobiles NV (NYSE: FCAU), just about every U.S. automaker reported year-over-year sales declines. But this April’s two fewer selling days lent a “solid excuse,” according to Karl Brauer, executive publisher for Autotrader and...
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GM, Toyota, Honda Pull Ahead With January Sales
Thursday, February 1, 2018 - 5:53pm | 1048The last month could have been an acceptable loss in the automotive industry. “January is typically a ho-hum month for auto sales following the major holiday blowout sales we see at the end of the calendar year,” Jessica Caldwell, executive director of industry analysis at Edmunds, said...