It was good to be back in Las Vegas for NADA 2024, which included my first trip to the Sphere to see U2. The pre-show DJ must have known the venue was packed with auto industry leaders when he rode around the crowd in an elevated faux car playing The Beatle’s hit “Drive My Car.” But … Continued
ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s … Continued
ATLANTA (Jan. 31, 2024) – Committed to being the world’s best battery health innovator and end-to-end solutions provider for electric vehicles, Cox Automotive today announced the opening of its new EV Battery Solutions service center in Conyers, Ga. The growth of Cox Automotive’s global EV battery service network in the Southeastern United States comes at a time … Continued
ATLANTA, Jan. 23, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, will occupy the largest exhibition space at NADA Show 2024, which is being held February 1-4 at the Las Vegas Convention Center. The National Automobile Dealers Association’s annual convention routinely attracts tens of thousands of dealers and guests and is a … Continued
In this episode of the Used Car Dealer Podcast, Zach Klempf interviews Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. They delve into the dynamic shifts in the automotive market, focusing on the trends and challenges of 2023, the evolving landscape of used vehicle values, the critical role of data in … Continued
Cox Automotive’s annual Car Buyer Journey (CBJ) Study was released today, revealing that satisfaction with the overall vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. Car buying satisfaction, as the study indicates, peaked in 2020. The 2023 Cox Automotive Car Buyer Journey Study shows that improved inventory levels, … Continued
Despite our industry’s strong start in the first half of 2023, we experienced some challenges during the second half of the year due to rising interest rates, tight vehicle supplies and a weakened economy. Much of this was beyond our control. But what we can control is putting Manheim’s diverse portfolio of physical, digital and … Continued
A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. In 2023, the EV share of the total U.S. vehicle … Continued
A replay of the 2024 Cox Automotive Industry Insights webcast held on Monday, January 8, is available below. Jonathan Smoke and the Industry Insights team provided a comprehensive update on the automotive industry for the new year. This session covered the new, used, and wholesale markets for 2023, along with insights and data from Cox Automotive … Continued
Due to audience overlap, the topline highlights from the Manheim Used Vehicle Value Index and the 2024 forecast are being included in the Cox Automotive Industry Insights 2024 Webcast taking place today, Jan. 8, 11 a.m. EST. In place of a live Manheim Used Vehicle Value Index call, the Industry Insights team is providing the deep dive … Continued
