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U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious 06/10/2024 ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold. The last time current market sentiment was above… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade 05/14/2024 ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering… Read Article

Electric Vehicles EVs EV Press Releases

WATCH NOW: Insights to Take you to the Next Level for a Healthier World and Stronger Bottom Line 04/22/2024 While it is necessary for dealerships to realize short term benefits from their sustainability efforts, environmental sustainability will increasingly play a significant role in the long-term profitability of dealerships. Being intentional and organized around sustainability is necessary to maximize the benefits. Also, local community engagement is a key enabler of long-term success of dealership environmental sustainability efforts. Learn more about brands featured in the video: Do… Read Article

Speaker Sessions

WATCH NOW: Understanding the Differences in Your AI Options for Auto Retail 04/15/2024 “Artificial intelligence is everywhere. And that is a good thing for our industry! Recent advances in technology have the potential to be gamechangers for dealerships. But all AI is not created equal. Watch this video to learn how to make sense of all the buzz, including what to expect from this technology and key questions to ask as you evaluate tools.  Learn more about brands featured… Read Article

Speaker Sessions

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Two Weeks to Go: Cox Automotive Q3 2024 Industry Insights and Sales Forecast Call 09/11/2024 The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted on Wednesday, Sept. 25, 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 quarter. Additionally, the team will review our forecasts and provide… Read Article

Market Insights Commentary & Voices

U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

2-Minute Tune-Up: China Races for Gold in the EV Olympics 09/03/2024 We launched a new series last month called “2-Minute Tune-Up,” where I will do my best to highlight the industry’s most interesting stories and trends. Check out the latest episode below. Although the Summer Olympics in Paris are behind us, another intense competition is unfolding. Discover how China’s strategic moves and investments have positioned it for the top step on the podium in the EV games… Read Article

2-Minute Tune-Up Market Insights Commentary & Voices

WATCH NOW: 2024 Cox Automotive Path to EV Adoption Study Key Takeaways 08/30/2024 The 2024 Cox Automotive Path to EV Adoption Study tracks EV consideration, consumer and dealer sentiments, and monitors the synergy of dealers and OEMs in preparing for the EV future. Hear from Stephanie Valdez Streaty, Director of Industry Insights, about three key takeaways: EV skeptics are coming, the EV market is casting a wider net, and dealers and automakers are fostering a more balanced, strategic relationship… Read Article

Speaker Sessions

Manheim Market Insights Series: Episode 24 08/22/2024 Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle Value Index (MUVVI), days’ supply, affordability and electric vehicle prices both… Read Article

Manheim Market Insights Market Insights Commentary & Voices

China Races for Gold in the EV Olympics 08/16/2024 While the world’s attention was fixated on the Summer Olympics in Paris, a different kind of global competition is also unfolding. China, a leader in both sports and manufacturing, is sprinting towards supremacy in the global electric vehicle market. Unlike the Olympics, this race is not about meters or seconds but about market share and cost. China’s decade-long preparation for this race has made it the… Read Article

Market Insights Commentary & Voices

Central Dispatch® Unveils Fully Integrated Transportation Marketplace for Clients, Lays Foundation for the Future 08/16/2024 ATLANTA – August 16, 2024 – On its journey to transform the vehicle transportation experience for shippers, brokers and carriers, Central Dispatch today unveiled its completely reimagined marketplace. Built with client feedback top of mind, this significantly enhanced experience simplifies transportation management by providing shippers, brokers and carriers everything they need to complete the transaction in a single, integrated marketplace. Additionally, this new platform serves as… Read Article

Press Releases

Delivering exceptional client experiences through AI 08/01/2024 Hear from Mandi Fang, Senior Vice President of Operations and her leaders on how Cox Automotive is investing in technology to deliver exceptional client experiences. Read Article

Marketing

Cox Automotive’s Power of Data Study Reveals While Data Insights Provide Value to Heavy Users, Most Dealers Still Experience Data Challenges 07/30/2024 ATLANTA, July 30, 2024—Today’s automotive dealers know there is power in data, but they struggle to extract actionable insights from it, according to Cox Automotive’s 2024 Power of Data study. Capturing feedback and perspective from franchise dealers and their management, the study reveals dealers are facing challenges putting data to use. However, the study also reveals that the dealers using their data most heavily see a… Read Article

Press Releases

Manheim Market Insights Series: Episode 23 07/19/2024 Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle Value Index (MUVVI), days’ supply, affordability and electric vehicle prices both… Read Article

Manheim Market Insights Market Insights Commentary & Voices

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