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1 min read
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…
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Speaker Sessions
1 min read
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…
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Speaker Sessions
1 min read
WATCH NOW: Want to Sell Cars Profitability? Buy and Sell Inventory Better
04/08/2024
In this inventory-constrained market, dealers need to do more blocking and tackling to make gross profit on used cars. How can they do so? By reinvesting in their used car departments - buying and selling inventory better. This panel covers technology and solutions available to buyers and sellers to stand-up strong inventory strategies to maximize used vehicle profitability. Learn more about brands featured in the video: Do you have more…
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Speaker Sessions
1 min read
WATCH NOW: A New Path to Optimal Used Vehicle Performance
04/08/2024
This session details why long-standing beliefs about used vehicle management—that you should stock more vehicles than you sell, that the calendar (or days in inventory) determines a vehicle’s profit potential and that you should move every vehicle within a 45- or 60-day timeline—make it more difficult for dealers to drive profit and sales growth in the current market. Learn more about brands featured in the video:…
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Speaker Sessions
1 min read
WATCH NOW: Cox Automotive Speaker Session – Choose Your Own Adventure – Consumer Behaviors and the Stair Steps to Ecommerce
04/01/2024
It’s time for dealers to think about a retail anywhere approach. Turn the page on how you’re thinking about the retail experience, and ensure you have the tools and strategies to stay in step with consumers who are making decisions about how they want to buy at every touchpoint—digital and physical. Learn more about brands featured in the video: Do you have more questions for our…
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Speaker Sessions
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Speaker Sessions
1 min read
Manheim Market Insights Series: Episode 20
04/19/2024
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), price changes by segment, wholesale inventory and used…
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Manheim Market Insights
Market Insights
Commentary & Voices
4 min read
Big Changes Ahead for Used-Vehicle Transport
04/15/2024
After years of steady state in vehicle logistics, the sector is now evolving at light speed. And while this increased pace means new challenges for shippers, carriers and brokers, the good news is that technology-driven solutions are advancing just as rapidly. I recently had the chance to speak about these trends during the Q1 Manheim Used Vehicle Value Index call, focusing on two of the biggest…
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Logistics
Market Insights
Commentary & Voices
1 min read
Automotive Insights: Trends, Fraud and Future
04/12/2024
Scott McMahon, alliance manager for Automotive Partnerships at Equifax, leads a panel discussion on current trends, the rising challenge of fraud in the automotive space, and the industry's outlook, with a special focus on consumer affordability and the evolving electric vehicle (EV) market. His esteemed panel includes Steve Greenfield, general partner at Automotive Ventures; Marguerite Watanabe, president of Connections Insights; and Jeremy Robb, senior director of…
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Market Insights
Commentary & Voices
4 min read
EV Sales Growth Slows; Market Leader Tesla Stalls
04/11/2024
Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, according to Kelley Blue Book counts. EV share of total new-vehicle sales in Q1 was 7.3%, a decrease from Q4 2023. While annual EV sales continue to grow in the U.S. market, the growth…
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Sales
new-vehicle sales
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Data Point
1 min read
Q1 2024 Manheim Used Vehicle Value Index Call Replay Available
04/08/2024
A replay of the Q1 2024 Manheim Used Vehicle Value Index Call held on Friday, April 5, is available below. Cox Automotive Chief Economist Jonathan Smoke, Jeremy Robb, senior director of Economic and Industry Insights, and Scott Vanner, Economic and Industry Insights senior analyst, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter. The special guest…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Commentary & Voices
6 min read
Toyota Shows Their Dealers the Money
04/01/2024
One of my favorite pop culture movie lines is Tom Cruise screaming, “Show Me the Money,” from the 1996 hit film Jerry Maguire. In today’s car business, no manufacturer does a better job of showing their dealers the money than Toyota/Lexus. Not only has Toyota become the #1 volume brand – and is expected to deliver 20% year-over-year growth in Q1, thanks in part to better…
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Market Insights
Commentary & Voices
1 min read
Q1 2024 Cox Automotive Industry Insights Webcast Replay Available
03/29/2024
Below is a replay of the Q1 2024 Cox Automotive Industry Insights and Sales Forecast call, which was held on Thursday, March 28. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an overview of the U.S. automotive industry through the first quarter, revisited Cox Automotive’s Forecast: 2024, the major themes that are expected to shape the year, and updated the full-year sales forecasts.…
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sales forecast
U.S. auto sales
Market Insights
Smoke on Cars
Commentary & Voices
6 min read
2024 Cox Automotive Market Insights and Outlook
03/29/2024
Reliable data and smart insights are crucial for navigating the ever-changing market conditions of the dynamic auto industry. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, the Cox Automotive Economic and Industry Insights team collects, analyzes and shares the best information possible. The 2024 CAMIO The Cox Automotive Market Insights and Outlook (CAMIO) report provides the key takeaways from…
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CAMIO
Market Insights
CAMIO
1 min read
2024 Cox Automotive Forecasts
03/28/2024
Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Cox Automotive Industry Insights webcast on January 8. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as market changes dictate. Download the 2024 Forecasts If you would like to speak…
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sales forecast
U.S. auto sales
Market Insights
Data Point
3 min read
Fleet Services by Cox Automotive Joins Forces with U.S. Army’s PaYS Program to Secure Career Opportunities for Service Members
03/14/2024
ATLANTA and INDIANAPOLIS, March 14, 2024 – Fleet Services by Cox Automotive announced its commitment to the U.S. Army’s Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army. The two organizations signed an official partnership agreement during a ceremony on Monday at Fleet Services by Cox Automotive in Indianapolis. “We commend Fleet Services by Cox Automotive for their commitment to…
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fleet services
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