Automotive News, March 14, 2022 – Brian Finkelmeyer, new-car strategist at Cox Automotive, writes in a commentary piece in Automotive News about three areas of opportunity that deserve more attention than “How many and how much.” In this article, Finkelmeyer explains that making a lot of money in the current environment doesn’t necessarily mean dealers … Continued
ATLANTA, March 9, 2022 – 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. Still, at 57, the current market index remains above the positive threshold in the latest Cox Automotive Dealer Sentiment … Continued
NADA is the “big show.” The even bigger show will be the end results you and your dealership deliver in 2022 when your entire organization functions as one, cohesive unit, delivering next-level consumer experiences that drive real results for your business. That’s our goal, and I know that many of you are looking ahead to … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 2.1% in February from January. The Manheim Used Vehicle Value Index declined to 231.3, which was a 36.7% increase from a year ago. The non-adjusted price change in February was a decline of 2.2% compared to January, leaving the unadjusted average price up … Continued
ATLANTA, Feb. 24, 2022 – Cox Automotive today launched DRiVEQ, the official branding of the company’s dynamic data intelligence capabilities that powers the industry’s largest portfolio of automotive solutions and services. DRiVEQ combines Cox Automotive’s broad portfolio of first-party automotive data, sourced from the company’s many end-to-end automotive solutions, with cutting-edge artificial intelligence technology. DRiVEQ is the engine that powers … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged in January compared to December. The Manheim Used Vehicle Value Index increased slightly to 236.3, which was a 45.0% increase from a year ago. The non-adjusted price change in January was a decline of 0.9% compared to December, leaving the unadjusted … Continued
For 12 years, the annual Car Buyer Journey Study, conducted by Cox Automotive, has analyzed new and used car buyer survey data to track trends in car shopping behavior over time. In 2021, we found that inventory disruptions have impacted many facets of the new car buying journey. Here’s what our latest study shows. The chip shortage … Continued
Auto Remarketing Podcast, Jan. 21, 2022 – Cox Automotive chief economist Jonathan Smoke is back on the show to help make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, Auto Remarketing editor Joe Overby and Smoke talk about the growth in what Cox Automotive has dubbed … Continued
Our Kelley Blue Book team has finished their final tally of 2021 auto sales in the U.S. market. Total volume by the Kelley Blue Book count came in at 15,061,885, a solid year by historical standards. But it was far from an easy 15 million. Demand was there, and sales volumes in March, April and … Continued
Auto Remarketing, Jan. 19. 2022 – Scott Maybee, president of NextGear Capital, writes in an opinion piece about the distinct challenges and unique opportunities that he expects independent dealers to face in the year ahead. In this article, Maybee also offers his take on how independents can continue to evolve in order to take advantage … Continued
