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Cox Automotive Monthly Industry Update Video Series – Episode 2

The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format.  In Episode 2, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist Charlie Chesbrough, Chris Frey, senior manager … Continued

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory

ATLANTA, June 10, 2022 – U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment. The current market index peaked at 67 in Q2 2021 and has been trending downward since. Still, at 54, … Continued

Cox Automotive Launches Monthly Industry Update Video Series

Welcome to the Cox Automotive Monthly Industry Update. This monthly presentation is new content offered by the Cox Automotive Industry Insights team. The goal is to provide a holistic look at the auto industry’s performance each month in video format.  In this month’s video, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist … Continued

Q1 2022 Kelley Blue Book Brand Watch Report Results with Senior Research Manager Vanessa Ton

CBT News, May 23, 2022 – Recently, Cox Automotive published the Q1 Kelley Blue Book Brand Watch Report, covering the non-luxury, luxury, and electrified segments. Joining anchor Jim Fitzpatrick on this edition of Inside Automotive is Vanessa Ton, Senior Research Manager at Cox Automotive, who discusses the study and some of its key findings.

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online … Continued

Used Car Dealer Podcast Episode 37: Interview with Randy Kobat, Vice President of Inventory Management Solutions at Cox Automotive

In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car dealers, as well as general discussion around inventory management. He also touches on the Cox … Continued

Transforming F&I for Automotive eCommerce

“No one will ever buy those online.” That used to be the conventional wisdom about clothes and home furnishings, yet eCommerce sales of both apparel and furniture increased by more than 20% in 2021.1 Consumers who used to feel strongly about seeing, touching, and trying out these items before purchase chose convenience (backed by reasonable … Continued

Wholesale Used-Vehicle Prices Decline in March from Seasonal Adjustment

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% in March from February. The Manheim Used Vehicle Value Index declined to 223.5, which was up 24.8% from a year ago. The non-adjusted price change in March was an increase of 0.6% compared to February, leaving the unadjusted average price up 23.2% … Continued

Inventory and Merchandising Best Practices for an eCommerce Future

For years, consumers have done hours of research online before buying a vehicle. But today they are increasingly comfortable completing a purchase on the web, with 76% of car buyers open to buying completely online.1 In 2021, U.S. eCommerce sales totaled $933 billion and are projected to grow 23.6% by 2025.2 This is helping to … Continued

Podcast: Digital Retail with Lori Wittman & Paulo de Silva of Cox Automotive

Auto Remarketing Podcast, March 21, 2022 – Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company’s Esntial Commerce platform and their work providing digital retail solutions to dealers. In related … Continued