Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 48% year over year in February to 183,954 units, according to an early estimate from Cox Automotive. New-vehicle inventory is vastly better than year-ago levels, enabling automakers…
ATLANTA – March 2, 2023 – Cox Automotive has tapped Derek Hansen as vice president of Operations, Inventory Management Solutions. In this new role, he will advance vAuto’s new Variable Management strategy, supported by its flagship solution ProfitTime® GPS, while continuing…
Shopping for electrified vehicles, which includes both hybrids and EVs, has stabilized, with almost 25% of new-vehicle shoppers considering an electrified model, according to the latest Kelley Blue Book Brand Watch™ report. However, when it comes to the specific type…
ATLANTA (Feb. 28, 2023) – Driven to keep the world’s fleets moving efficiently, safely and sustainability, Cox Automotive today announced the acquisition of fleet industry leader FleetNet America®. With the acquisition, Cox Automotive Mobility and FleetNet are creating the foundation that will…
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…
As the old saying goes: “Volume is for vanity, profit is for sanity.” Automakers and dealers alike have a very important strategic business question to answer: to pursue volume or gross profit. There is an interesting divergence on this fundamental…
Fourth quarter real GDP growth was revised down as consumer spending was downgraded more than the slowing originally estimated. Inventory growth helped deliver the relatively strong-looking number, which doesn’t speak to strong economic conditions. However, consumer spending has accelerated to…
For many current car shoppers, new-vehicle prices are about as enjoyable as a sharp stick in the eye. All the reasons are well documented – supply disruptions, low inventory, new technology, higher interest rates, and automakers focused on high-earning buyers.…
Updated, March 2, 2023 – The Cox Automotive Industry Insights team was expecting the auto market to deliver both year over year and month over month sales increases in February, and initial results indicate the sales gains were there. In…
ATLANTA – Feb. 21, 2023 – As the transportation industry gears up for America Trucking Association’s Annual TMC Meeting, Cox Automotive Mobility is set to further amplify its position as the industry’s leader in fleet services and operations management. One…
