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…
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…
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.…
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…
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…
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.…
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,…
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…
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…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 2.5% in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part…
