Cox Automotive Inc.

Used Car Dealer Podcast Episode 66: Digital Advertising, Inventory Strategies and Customer Retention for Used Car Dealers

1 min read

In this episode of the Used Car Dealer Podcast, Zach Klempf interviews two special guests from Cox Automotive: Jade Terreberry (senior director, Strategic Planning & Business Development) and Micah Tindor (senior director, Strategic Planning for Kelley Blue Book ICO). They cover a range of topics relevant to today’s used car market, from digital advertising strategies … Continued

Cox Automotive Auto Market Report: Oct. 1

5 min read

Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued

Auto Market Weekly Summary

3 min read

Key Highlights Economic Indicators and Consumer Spending According to the final estimate, second-quarter real GDP growth was unchanged at a strong 3.0%. GDP history was revised modestly upward back to 2019. Consumer spending growth slowed in August. July’s growth was abnormally strong due to an unusual increase in auto sales and service caused by disruptions … Continued

Cox Automotive Introduces Retail360

6 min read

ATLANTA, Sept. 30, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, today announces Retail360 – a comprehensive suite of tools that enables the industry’s only true omnichannel experience. Omnichannel connects the entire auto retail ecosystem along every step of the car-buying and owning journey – an industry first that finally creates … Continued

Q3 2024 Cox Automotive Industry Insights and Sales Forecast Call Replay Available

1 min read

A replay of the Q3 2024 Cox Automotive Industry Insights and Sales Forecast call, held on Wednesday, Sept. 25, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market for the third quarter, covering the electrified, new and used markets with insights and data … Continued

Cox Automotive Leaves 2024 New-Vehicle Sales Forecast Unchanged as September Volume Drops; Year-to-Date Sales Up Less Than 1% Compared to 2023

5 min read

Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), was 15.8 million in September, lower than the forecast of 15.9 … Continued

Q3 2024 Cox Automotive Industry Insights and Sales Forecast Call Presentation Available

1 min read

The Q3 Cox Automotive Industry Insights and Sales Forecast call will be held today, Sept. 25, at 11 a.m. EDT. The presentation is available for download. Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for this 60-minute session. The team will provide a comprehensive update on the automotive industry for the third … Continued

The Cox Automotive BCCS: Best Car Companies Scorecard

4 min read

The highly competitive nature of the car business reminds me of college football. Instead of teams like Georgia, USC, or Wisconsin, we have automakers like Honda, Ford and Jeep, all competing against one another with their own unique playbooks and rosters. While one car company gains yardage with full-size trucks, another makes first downs with … Continued

Auto Market Weekly Summary

4 min read

Key Highlights Federal Reserve’s Monetary Policy Shift The Fed pivoted from hawk to dove and initiated the shift from a tight and restrictive monetary policy with a 50 basis points rate cut as they felt risks were more in balance between their mandates for price stability and full employment. August Retail Sales Performance The initial … Continued

Used-Vehicle Inventory Increased Month Over Month, Despite Healthy Sales, Lower Listing Prices

3 min read

According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of September were higher than in August. 2.18M Total UnsoldUsed Vehiclesas of Sept. 5, 2024 42 Days’ Supply $25,172 Average Listing Price 70,950 Average Mileage As September opened, the total supply of used vehicles on dealer lots – franchised … Continued