Display in Newsroom Archives - Page 48 of 237

Cox Automotive to Revolutionize the Vehicle Transportation Experience for Shippers and Carriers

4 min read

ATLANTA – January 25, 2024 – Cox Automotive is again doubling down on its commitment to vehicle logistics, investing more than $100 million to revolutionize the vehicle transport industry through technology. This investment will transform the company’s industry-leading brand, Central Dispatch, from a matchmaking service that connects shippers and carriers into a fully integrated automotive … Continued

Cox Automotive Brings World-Class Connections Alive at the NADA Show 2024

6 min read

ATLANTA, Jan. 23, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, will occupy the largest exhibition space at NADA Show 2024, which is being held February 1-4 at the Las Vegas Convention Center. The National Automobile Dealers Association’s annual convention routinely attracts tens of thousands of dealers and guests and is a … Continued

Cox Automotive Auto Market Report: January 23rd

5 min read

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation

Dealership Service Ticket Volume and Revenue Down in December, According to Xtime Metrics

3 min read

According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. decreased in December, following a rise in November. The Repair Order Volume Index fell compared to December 2022, while the Repair Order Revenue Index remained higher year over year. “The December numbers are aligned with expectations … Continued

Auto Market Weekly Summary

4 min read

Retail sales grew more than expected in December, posting their strongest performance since January 2023. New construction trends were mixed in December, but the underlying trend suggests stability in aggregate with more strength in single-family homes. Existing home sales declined in December to the lowest level since August 2010, with the lowest inventory since March … Continued

Used Car Dealer Podcast Episode 56: Navigating the 2024 Used Car Market with Cox Automotive’s Senior Director Industry Insights

1 min read

In this episode of the Used Car Dealer Podcast, Zach Klempf interviews Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. They delve into the dynamic shifts in the automotive market, focusing on the trends and challenges of 2023, the evolving landscape of used vehicle values, the critical role of data in … Continued

Manheim Market Insights Series: Episode 17

1 min read

Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of economic and industry insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video wraps up the year, highlighting … Continued

Used-Vehicle Supply Closed 2023 at the Highest Levels of the Year

2 min read

Used-vehicle inventory closed 2023 at the highest levels of the year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.39M Total UnsoldUsed Vehiclesas of Jan. 1, 2024 56 Days’ Supply $26,446 Average Listing Price 68,794 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – … Continued

New-Vehicle Inventory Remains in Check to Start 2024

4 min read

Strong December sales pulled down the new-vehicle inventory measure of days’ supply for the start of 2024, according to Cox Automotive’s analysis of vAuto Available Inventory data. While the sheer volume of new vehicles in inventory was higher at the end of December than at the start, the days of supply, which is based on … Continued

Cox Automotive Auto Market Report: January 17th

5 min read