Luxury Share of U.S. Market Sets New Record in January, as Transaction Prices Remain up 5.9% Year Over Year, According to Kelley Blue Book

4 min read

ATLANTA, Feb. 13, 2023 – The average transaction price (ATP) of a new vehicle in the U.S. declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released today … Continued

E-commerce Platform for 100% Online Car Buying

News 1 min read

The Business News, Feb. 13, 2023 – In this article, Chief Operating Officer Adam Gaedke at Van Horn Automotive Group explains how the dealership has gone above and beyond to embrace e-commerce. He highlights how the 57-year-old automotive group has been “ahead of the curve“ by being one of the first to put vehicles on … Continued

Auto Market Weekly Summary: February 13

5 min read

Used retail-vehicle sales increased in January and were up from a year ago. Wholesale vehicle values also increased in January. Auto loan performance deteriorated further in January as both severe delinquencies and defaults grew. The severe delinquency rate is the highest we have seen, but the default rate is still below levels seen in 2019. … Continued

Commentary: What May Lie Ahead for Wholesale Automotive

News 1 min read

Auto Remarketing, Feb. 10, 2023 – Grace Huang, president of Cox Automotive Inventory Solutions, writes in an opinion piece about three key areas that she believes offer the greatest opportunity for the wholesale industry to prepare for what lies ahead. These three areas include:

Auto Credit Availability Tightened Again in January

4 min read

Access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 1% to 98.0 in January, reflecting that auto credit was harder to get in the month compared to December. The decline in access reflected conditions that were tightest since June … Continued

Q4 2022 Kelley Blue Book Brand Watch Luxury Report: Tesla Wins Luxury Sales Crown Despite Plunge in Shopping

6 min read

Shopping for Tesla models fell again during the fourth quarter of 2022, according to the most recent Kelley Blue Book Brand Watch report on luxury vehicle shopping. The softening of demand was likely one of the reasons Tesla began to offer hefty discounts on some models in the final two weeks of the year and … Continued

Five Things You Probably Missed at NADA ’23

5 min read

As the old saying goes, “Everything is bigger in Texas.”  And that was certainly the case last month at the annual NADA convention: The attendance, energy, and even the Cox Automotive booth were bigger than I’ve seen in recent years. NADA returned to Texas for the first time since 1992, and Dallas certainly delivered in … Continued

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance

4 min read

While the global chip situation is improving, it has not been quick enough for Nissan’s small, high-volume Sentra and Versa models, which has hampered U.S. sales. Nissan Motor Corporation reports financial results on Thursday, Feb. 9, for the October-December period, Nissan’s third quarter of its fiscal year 2022, which ends March 31, 2023. Despite inventory … Continued

Cox Automotive Analysis: Toyota Motor Corporation’s Quarterly U.S. Market Performance

4 min read

Toyota Motor Corporation posts financial results for the October-to-December quarter on Wednesday, Feb. 8, the automaker’s third quarter of its fiscal year. Like its Japanese competitors, Toyota Motor North America has had one of the lowest inventory levels in the U.S. for the past year, including the most recent quarter.  Throughout the past calendar year, … Continued

Cox Automotive Continues to Push the Boundaries of New Technology — Marianne Johnson

News 1 min read

Cox Automotive is committed to enhancing its products to facilitate faster vehicle transactions and provide consumers with a seamless online-to-offline experience. At this year’s NADA Show, CBT News anchor Jim Fitzpatrick sat down with Marianne Johnson, Chief Product Officer at Cox Automotive, to talk about the company’s innovative plans moving forward.  Key takeaways: 1. Johnson oversees integrating all products, … Continued