Cox Automotive Delivers First Synchronized Marketing, Sales, Service and Operations Solution

News Press Releases 3 min read

ATLANTA, Feb. 28, 2022 – Cox Automotive today announced its suite of dealer software solutions that connects marketing, sales, service, and operations builds better consumer experience and improves retail bottom line by using robust first-party consumer data insights from the world’s most trusted consumer automotive platforms, Autotrader and Kelley Blue Book. Dealers using Dealer.com, VinSolutions, … Continued

Auto Market Weekly Summary

5 min read

Economic growth recovered in the fourth quarter, as real GDP growth accelerated to 7%, which was the strongest reading for the year, following the disruption from the delta wave of COVID-19 in the third quarter last year. This year started slower with the omicron wave, but activity is now recovering again as COVID cases are … Continued

Cox Automotive Transforms the Wholesale Experience with Upside™

News Press Releases 5 min read

Atlanta, Feb. 28, 2022 – Cox Automotive today announced its plans to transform the wholesale experience for used vehicles with Upside™, a one-of-a-kind solution that promises greater profitability for dealers as they sell vehicles and provides confidence for buyers as they acquire vehicles in the wholesale market. “While many dealers achieved record-setting profits as they … Continued

Manheim Express Hits Two Major Milestones as Client Adoption Soars

News Press Releases 4 min read

ATLANTA, Feb. 25, 2022 – As 2022 gets underway, Manheim Express has crossed two major milestones. More than 1,000 Manheim team members now serve Manheim Express dealer and commercial clients across the U.S. This explosive growth of the team is driven by soaring client adoption, with Manheim Express having exceeded 35,000 active marketplace participants. Since … Continued

Manheim Consulting’s Kevin Chartier Addresses the Potential Price Correction in 2022

10 minutes read

Kevin Chartier, vice president of Manheim Consulting, sat down with Timothy Walker, director of fleet and remarketing at Kia, during the Kia Fleet and Dealer show to address a potential price correction in 2022 and share his thoughts on remarketing in 2022 and beyond. Watch the video below to learn more. If you have questions … Continued

Cox Automotive Introduces DRiVEQ, the Data Intelligence Engine Powering Its Family of Leading Services and Solutions

News Press Releases 4 min read

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

Cox Automotive February Forecast: Tight Inventory Keeps U.S. Auto Sales From Gaining Traction

News Press Releases 3 min read

UPDATED, March 2, 2022 – February sales finished near 1.052 million, slightly below the Cox Automotive forecast, as tight new-vehicle inventory held back sales even more than expected. Since August, monthly sales volume has averaged near 1.05 million, and February was no exception. Until available supply at dealerships makes a significant improvement, the Cox Automotive Industry Insights team is … Continued

Dealership Service Activity Decreases in January, Revenue Hits Record, according to Xtime Metrics

3 min read

Service centers at U.S. franchised dealerships were less busy in January than in December, according to the latest analysis of Xtime metrics. The Repair Order Volume Index decreased month over month while the Repair Order Revenue Index increased. Repair order volume remains well below pre-pandemic levels, but revenue per repair set another record high. The … Continued

Auto Market Weekly Summary

5 min read

COVID-19 cases driven by the omicron variant surged to record levels in January but have been declining rapidly for more than four weeks. They are now down 85% from the peak. COVID, inflation, the weather and stock market volatility have weighed on consumer sentiment so far in 2022, but none of that kept consumers from … Continued

Used-Vehicle Supply Rises; Average Listing Price Dips From Record Levels

3 min read

Revised March 17, 2022 – Used-vehicle inventory climbed during January to more normal levels on weaker sales, according to the Cox Automotive analysis of vAuto Available Inventory data. The average list price dipped from record levels in December. 2.55M Total UnsoldUsed Vehiclesas of January 31 55 Days’ Supply $27,606 Average Listing Price 71,117 Average Mileage … Continued