Welcome to the monthly Manheim Market Insights update. This month, Jeremy Robb, senior director of Business Intelligence, is picking up the narrative for this monthly check-in on what we are seeing in used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month … Continued
The 13th annual Cox Automotive Car Buyer Journey Study reveals that satisfaction with the car buying process declined in 2022 for the second straight year. The 2022 Car Buyer Journey Study shows vehicle buyers were frustrated with high prices, limited availability, and the amount of time required to complete the process. Used-vehicle buyers, who are … Continued
A replay of the 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Thursday, January 12, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used and wholesale vehicle markets for 2022 and the year ahead, including 2023 … Continued
The 2023 Cox Automotive Industry Insights and Sales Forecast Call was held today, January 12. The presentation is available for download. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Chris Frey, senior manager of economic and industry insights, presented how the auto industry performed in 2022 and how the team sees the industry progressing in … Continued
Artificial intelligence (AI) has been called the most transformative technology in the history of mankind. And yet some believe it’s still the stuff of science fiction, conjuring up images of human cyborgs and scenes from The Matrix. Even still, 94% of surveyed business leaders view AI as critical to their success over the next five … Continued
A replay of the Q4 2022 Manheim Used Vehicle Value Index Call held on Monday, January 9, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of economic and industry insights for Cox Automotive, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter … Continued
Auto Remarketing, Jan. 9. 2023 – Dale Pollak, founder of vAuto and executive vice president of Cox Automotive, writes in an opinion piece about how dealers have a “hangover problem” where they have overindulged while times were great. In this article, Pollak offers a hangover cure in the form of a new method to manage … Continued
Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the 2023 Industry Insights and Sales Forecast Call. Thursday, January 12 11 a.m. EST. As a new year dawns for the automotive industry, the team will give a deep dive into the economy and auto … Continued
Welcome to the monthly Manheim Market Insights update. This month, Mark Schirmer. director of Corporate Communications at Cox Automotive, is filling in for Kevin Chartier, vice president of Manheim Market Insights, who is retiring from Manheim. In January, Jeremy Robb, senior director of Business Intelligence, will be picking up the narrative for this monthly check-in … Continued
My daughter and I love staring contests. Our rules are the same as everyone’s—whoever blinks first loses. Lately, I’ve sensed a similar staring contest emerging in the new car business between consumers, dealers, and automakers. The question is who will blink first? Before 2020, when dealership lots were overflowing with new-vehicle inventory, manufacturers were always … Continued