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7 min read
Data Innovation That Drives Bottom Line Results
04/10/2023
By: Brad Phelps, Senior Director of Data Strategy “Innovation is seeing what everyone has seen and thinking what no one has thought.” -Dr. Albert Szent Gyorgyi, Nobel Prize winning biochemist. Everyone knows that good data informs better decisions. In parts one and two of our DRiVEQ blog series, we described the difference between data that drives a single intelligent decision vs. repeated, industry leading decisions. In…
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6 min read
Turning Data into Actionable Intelligence
12/21/2022
By Brent Towne, Sr. Director of Consumer Data Strategy Today’s consumers expect brands to understand them better than ever, offering personalized products and services. Meanwhile, brands are investing in customer data and experience management to maximize customer satisfaction, loyalty, and lifetime value. But modern data capabilities don’t always translate into relevancy and efficiency for the consumer. Or generate value for brands. In part two of our…
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7 min read
Connected Data: The engine that powers better results
08/11/2022
The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry.
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Marketing
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1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 12
05/15/2023
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 12, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Executive Analyst Michelle Krebs and Research Manager Quentin Wallace. This 15-minute presentation covers sales, inventory…
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Monthly Industry Update
Market Insights
Commentary & Voices
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 11
04/17/2023
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 11, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Michelle Krebs, executive analyst, Chris Frey, senior manager of economic and industry insights, and Rebecca…
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Monthly Industry Update
Market Insights
Commentary & Voices
1 min read
Q1 2023 Manheim Used Vehicle Value Index Call Replay Available
04/10/2023
A replay of the Q1 2023 Manheim Used Vehicle Value Index Call held on Friday, April 7, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of economic and industry insights for Cox Automotive, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the first quarter. Jonathan and Chris were joined by Jeremy Robb, senior director…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Commentary & Voices
1 min read
Meet Dealer Beth Beans Gilbert: The 2023 Barbara Cox Woman of the Year
03/22/2023
CBT News, March 22, 2023 – Beth Beans Gilbert, vice president of the Fred Beans Automotive Group, received the 2023 Barbara Cox Woman of the Year Award from Cox Automotive earlier this year. Ken Kraft, chief marketing officer of Cox Automotive, and recipient Beth Beans Gilbert discuss the accolade on today’s Inside Automotive. Watch the Episode.
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News Coverage
1 min read
Used Car Dealer Podcast Episode 48: Interview with Dale Pollak, vAuto Founder and EVP at Cox Automotive
03/13/2023
In this Used Car Dealer Podcast episode, Zach Klempf interviews Dale Pollak, Founder, vAuto and EVP, Cox Automotive. Dale discusses trends in the used vehicle market, as well as why now is the time for dealers to move from Velocity to Variable Management. He also touches on how vAuto’s ProfitTime GPS helps dealers implement a variable inventory management strategy. Watch the Episode.
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Inventory
used-car inventory
ProfitTime
News Coverage
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 10
03/13/2023
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 10, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Michelle Krebs, executive analyst, Quentin Wallace, research manager, and Rebecca Rydzewski, research manager. This 17-minute…
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Monthly Industry Update
Market Insights
Commentary & Voices
6 min read
Cox Automotive Dealer Sentiment Index: Strong U.S. Auto Market Performance Expected in Q2
03/09/2023
ATLANTA, March 9, 2023 – U.S. automobile dealer sentiment in the first quarter of 2023 was little changed from the level recorded in Q4 2022 and remains at the lowest level since the height of the global COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below the threshold of 50, indicating more dealers view the current auto…
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Cox Automotive Dealer Sentiment Index
CADSI
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4 min read
Volume is for Vanity, Profit is for Sanity
02/27/2023
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 question playing out today between Hyundai Motor Group and Stellantis. The Korean automaker has been in full on growth mode pursuing volume, while Stellantis is clearly…
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Market Insights
Commentary & Voices
3 min read
Seismic Shift: The U.S. New-Vehicle Market is Becoming a Luxury Market
02/23/2023
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. With the average manufacturer’s suggested retail price (MSRP) now close to $50,000, finding big-ticket items was not difficult recently as our team cruised the 2023 Chicago…
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vehicle affordability
new-vehicle prices
Market Insights
Data Point
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 9
02/14/2023
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 9, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, Quentin Wallace, research manager, and Vanessa Ton, senior manager of market…
Read Article
Monthly Industry Update
Market Insights
Commentary & Voices
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