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Cox Automotive Continues to Push the Boundaries of New Technology — Marianne Johnson

1 min read

Cox Automotive is committed to enhancing its products to facilitate faster vehicle transactions and provide consumers with a seamless online-to-offline experience. At this year’s NADA Show, CBT News anchor Jim Fitzpatrick sat down with Marianne Johnson, Chief Product Officer at Cox Automotive, to talk about the company’s innovative plans moving forward. Key takeaways: 1. Johnson oversees integrating all products, … Continued

2022 Car Buyer Journey Study Released

1 min read

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

Q4 2022 Manheim Used Vehicle Value Index Call Replay Available

1 min read

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

Commentary: How Variable Management Helps Cure a Used-Vehicle Hangover

1 min read

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 Today: Cox Automotive 2023 Industry Insights and Sales Forecast Call

1 min read

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

Don’t Panic: Loan Defaults and Repossessions Are Rising, and That’s Normal

3 min read

In today’s market, the deterioration of consumer credit, and auto loan performance, in particular, is a worrying sign for industry watchers. In the context of high inflation and with the Fed intent on slowing the economy and weakening the labor market, there are indeed clear signs of stress in the system. Continued jobless claims are … Continued

Who Will Blink First in 2023?

4 min read

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

As the Clock Winds Down on a Year Steered by Tight Inventory and Rising Loan Rates, Cox Automotive Offers 10 Predictions for 2023

7 min read

ATLANTA, Dec. 19, 2022 – With the start of the New Year just weeks away, the Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market in 2023. By nearly all measures, 2022 was a difficult year for both the industry and the consumer, marked by historically low new-vehicle inventories, high prices, … Continued

Cox Automotive Monthly Industry Update Video Series – Episode 8

1 min read

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 8, Cox Automotive Research Manager Rebecca Rydzewski is joined by Executive Analyst Michelle Krebs and Research Manager Quentin … Continued

Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness in Q4, Driven by the Economy and High Interest Rates; Market Outlook Lowest in Survey History

6 min read

ATLANTA, Dec. 7, 2022 – U.S. automobile dealer sentiment in the fourth quarter of 2022 dropped to the lowest level since the start of the COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below the threshold of 50, indicating that more dealers view the current auto market … Continued