Cox Automotive

Consumers 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:...

The 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...

In 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)...

For 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...

January 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...

It 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...

It’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...

Ford 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...

Sales 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,...

August 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)....

U.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...

With 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...

The 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...

With 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...

The 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...