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Cox Automotive Presents 2024 Leader in Sustainability Award to Grubbs Family of Dealerships

ATLANTA, Feb. 5, 2024 – Cox Automotive presented its annual Leader in Sustainability Award to Grubbs Family of Dealerships, a fourth-generation dealership group that has been family-owned and operated since 1948 with six locations in Grapevine, Houston and San Antonio, Texas, and one location in Tulsa, Okla. Grubbs dealerships carry a lineup of four brands … Continued

Cox Automotive Analysis: Ford Motor Company’s Q4 2023 U.S. Market Performance

The impact of the six-week UAW strike against the Detroit automakers will be the focus of Ford’s fourth-quarter and full-year financial results when they are posted after the stock market closes on Tuesday, Feb. 6. The strike began late in the third quarter and continued well into October, so the fourth quarter saw the biggest … Continued

Cox Automotive Presents 19th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship

ATLANTA, Feb. 5, 2024 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Tina Miller, senior vice president and chief financial officer, at Lithia and Driveway, headquartered in Medford, Ore., one of the largest global automotive retailers with more than 300 locations across North America and the United Kingdom. Named … Continued

Auto Market Weekly Summary

Job growth in January reaccelerated and was much stronger than expected, plus prior months were revised up. The three-month average for job creation increased to the highest level in nine months, casting doubt on the thesis that job growth is slowing. The unemployment rate and labor force participation were steady as wage inflation accelerated.  The … Continued

Cox Automotive Dealertrack Adds Synthetic ID Fraud Alert as Part of Compliance Solution

ATLANTA, Feb. 2, 2024 — Cox Automotive announces the enhancement of the Dealertrack Compliance solution through the addition of a new Synthetic ID fraud indicator, which will help protect dealers against fraudulent transactions earlier in the F&I process. The new Synthetic ID Fraud Alert integrates with trusted technology from Equifax, using patent-pending machine-learning algorithms, coupled with … Continued

Cox Automotive’s VinSolutions and FordDirect Join Forces To Better Serve Ford Dealers and Lincoln Retailers

ATLANTA, Feb. 2, 2024 – Cox Automotive’s VinSolutions has become a data integration partner in FordDirect’s CRM Choice program.   Ford Dealers and Lincoln Retailers will be able to gain access to FordDirect data directly within VinSolutions CRM to maximize sales and optimize leads.  The integrations will include key elements, such as inventory, incentives, and private offers. … Continued

The Fed Signals End of Tightening Era

As expected, the Fed left interest rates and overall monetary policy unchanged yesterday. We have now had four straight meetings with no change in rate policy. The biggest changes from the Fed are in the language that describes their bias, which has shifted from leaning heavily towards tightening to starting to consider loosening. Rate cuts? … Continued

Cox Automotive’s Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines

ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s … Continued

Cox Automotive Charges Forward With New EV Battery Solutions Facility in Georgia

ATLANTA (Jan. 31, 2024) – Committed to being the world’s best battery health innovator and end-to-end solutions provider for electric vehicles, Cox Automotive today announced the opening of its new EV Battery Solutions service center in Conyers, Ga. The growth of Cox Automotive’s global EV battery service network in the Southeastern United States comes at a time … Continued

Cox Automotive Releases Dealertrack 2024 Compliance Guide

ATLANTA, Jan. 31, 2024 – Cox Automotive today announced the availability of its annual Dealertrack Compliance Guide for 2024. Now in its 19th edition, the Dealertrack Compliance Guide is a trusted resource that provides dealers with the latest compliance insights and best practices to help them navigate the complexity of auto regulatory expectations and consumer … Continued