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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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Market Insights
1 min read
CarDealershipGuy Podcast: What’s Next for Car Prices and Auto Lending? | Jonathan Smoke, Chief Economist at Cox Automotive
09/20/2023
Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy Podcast to discuss the state of auto lending and what's to come, how interest rates are impacting the car industry, the No. 1 issue for car shoppers right now, the best and worst car deals on the market, what a UAW strike could mean for the auto industry, winners and losers in the EV space and will used-car…
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News Coverage
Smoke on Cars
1 min read
One Week to Go: Cox Automotive Q3 2023 Industry Insights and Sales Forecast Call
09/19/2023
The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted Tuesday, Sept. 26, at 11 a.m. EDT, shortly before the auto industry closes the book on the third quarter. In the upcoming webinar, Chief Economist Jonathan Smoke and the Economic and Industry Insights team will share valuable data and insights regarding the performance of the consumer, industry, and economy in the third quarter. Additionally, the team will review our forecasts and provide…
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Market Insights
Commentary & Voices
6 min read
UAW on Strike
09/15/2023
As widely expected, the United Auto Workers (UAW) have officially called a strike against the domestic, Detroit-based auto brands (D3). The contract between the UAW and automakers expired Thursday night, and negotiations over a new, four-year contract broke down. The UAW is pushing for major improvements in a number of areas, including wages, cost-of-living adjustments, job security, work-life balance and retiree benefits. The automakers, staring down…
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Market Insights
Smoke on Cars
5 min read
The New-Vehicle Market Continues to Defy Gravity
09/14/2023
It's commonly believed that what goes up must eventually come down; you can only defy gravity for so long. The continued strength of the new vehicle market in 2023 is calling this widely held belief into question. At the beginning of the year, most economists and automotive forecasters believed there was a greater than 50% chance the US economy would fall into a recession. Fed Chairman…
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Market Insights
Commentary & Voices
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 15
09/12/2023
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 15, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, Quentin Wallace, research manager, and Greg Payne, market and customer research…
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Monthly Industry Update
Market Insights
Commentary & Voices
1 min read
Why Digital Titling Solutions Are Crucial for Dealership Success
08/22/2023
CBT News, Aug. 22, 2023 – Titling can be a complex and time-intensive part of the car purchase process. With strong sales volumes expected in the back half of the year and car buyers wanting to spend less time at the dealership, the time is now for managers to devise more efficient strategies. On this episode of Driving Solutions, host Jim Fitzpatrick is joined by Kaitlin…
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News Coverage
4 min read
With Ford on Top, Tesla and Rivian Face Uphill Battle in Electric Pickup Truck Consideration
08/17/2023
New research from Cox Automotive suggests that consumers shopping for electric pickup trucks are not all that different from their ICE-considering counterparts. In a third round of research, Cox Automotive found that the Ford F-150 Lightning is on top for shopper consideration when compared to its EV counterparts from Chevy, GMC (Hummer), Ram, Rivian and Tesla. The research suggests that shoppers are more likely to consider…
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Electric Vehicles
Market Insights
Data Point
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 14
08/14/2023
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 14, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, and Chris Frey, senior manager of Economic and Industry Insights. This…
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Monthly Industry Update
Market Insights
Commentary & Voices
1 min read
Q2 2023 Manheim Used Vehicle Value Index Call Replay Available
07/11/2023
A replay of the Q2 2023 Manheim Used Vehicle Value Index Call held on Monday, July 10, 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 second quarter. Smoke and Frey were joined by Jeremy…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Commentary & Voices
5 min read
First Half Finish: Dealers Face Rapidly Changing Market While Visiting a Place Where Time Stands Still
06/29/2023
Last week I joined the Virginia, Maryland, Kentucky, and West Virginia Auto Dealers at their annual summer convention at The Greenbriar resort in the mountains of West Virginia. The Greenbriar is one of the oldest resorts in the country, having opened in 1913. When I arrived it was a rainy, gloomy afternoon, but that didn’t stop guests from enjoying the longstanding Greenbriar tradition of afternoon tea…
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Market Insights
Commentary & Voices
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