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

News Press Releases 4 min read

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

News Press Releases 2 min read

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

3 min read

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

News Press Releases 8 min read

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

News Press Releases 2 min read

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

News Press Releases 3 min read

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

In the Car Business, “The More Things Change, the More They Stay the Same.”

4 min read

This week, the National Automobile Dealers Association is hosting its annual convention in Las Vegas, showcasing the latest thinking and innovations from across the auto industry. Dealers are always interested to hear the latest thinking from their respective OEM executives at the make meetings. I suspect the OEMs’ message will drastically differ from the past … Continued

Cox Automotive Analysis: General Motors’ Q4 2023 U.S. Market Performance

7 min read

The financial damage from the six-week strike by the UAW against the three Detroit automakers will be the focus of upcoming earnings announcements, starting with General Motors. GM posts fourth-quarter and full-year financial results before the market opens on Tuesday, Jan. 30. Since the strike started late in the third quarter, the impact for that … Continued

Cox Automotive Forecast: New-Vehicle Sales in January Expected to Maintain Healthy Pace Set in December

News Press Releases 4 min read

New-vehicle sales in January came in lower than the Cox Automotive forecast, as a likely pullback from hotter-than-expected sales in December and colder-than-expected weather across much of the country in the middle of the month combined to hold consumers back. Total new-vehicle sales in January are now estimated at 1.08 million, below our forecast of … Continued

Auto Market Weekly Summary

4 min read

The economic data released last week affirmed a strong ending to 2023. Real GDP growth was 3.3% for the fourth quarter, which represented a slowing from the third quarter but was still very strong. All components of GDP were positive contributors, and while consumer spending decelerated, it remained at a healthy level for growth. Consumer … Continued