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February’s CPO result is the highest since October 2021 and interrupts a six-month downward trend.
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Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment.
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At the NADA Show, Cox Automotive will feature its unmatched portfolio across 26,300 square feet of display space to demonstrate the company’s mission to transform the way the world buys, sells, owns and uses vehicles.
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Dealers using Dealer.com, VinSolutions, Xtime and Dealertrack DMS solutions have seen positive impacts to their bottom line.
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New-vehicle sales volume has been averaging just over 1.05 million each month since last August, and this February is not expected to buck the trend.
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In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
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Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.
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First of several benefits planned in 2022 to further independent dealer goals, needs.
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Watch the Auto Market Report video for more data and insights that provide a holistic view of the auto industry.
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Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
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