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…
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…
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…
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…
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…
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…
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…
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…
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…
ATLANTA, Feb. 17, 2022 — Cox Automotive today announced enhancements to Remote Signing on Dealertrack Digital Contracting. Expanding on Cox Automotive’s Digital Retailing portfolio of solutions, Remote Signing continues to deliver a more efficient, secure, easier digital experience anytime, anywhere…
