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COVID-19 BUSINESS UPDATES

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Cox Automotive’s Statement on COVID-19 – Summary of Activities

A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive … Continued

Shift Podcast: Kelley Blue Book’s Karl Brauer on Coronavirus and Cars (Episode 36)

Automotive News, April 6, 2020 – Karl Brauer, executive publisher at Kelley Blue Book, joins Shift: A podcast about mobility to discuss how the COVID-19 pandemic compares to the Great Recession, what automakers and suppliers can learn from crisis and how it will make the industry more digital. Listen here.

COVID-19 Ends Spring Bump in Used-Vehicle Values

ATLANTA (April 7, 2020) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.1% month over month in March. This brought the Manheim Used Vehicle Value Index to 141.9, a 4.4% increase from a year ago. With increases in the weekly Manheim Market Report (MMR) prices starting at the end of … Continued

COVID-19 Business Updates – Cox Automotive

This summary of information related to the Cox Automotive response to COVID-19 will be updated regularly as the situation evolves. – COVID-19’s Economic Impact on U.S. Auto Sales April 7, 2020: Cox Automotive’s Chief Economist, Jonathan Smoke, provides continuing coverage of the impact on the automotive industry from his home studio in Atlanta, GA.  … Continued

Cox Automotive’s Zo Rahim Shares His Insight into Retail Automotive Results for March

CBT News, April 6, 2020 – As part of the continuing coverage of the coronavirus, CBT News is pleased to welcome back Zo Rahim, Manager of Economics and Industry Insights at Cox Automotive. In this segment, Zo and Jim Fitzpatrick discuss monthly sales totals and predictions for the auto retail industry as it works through … Continued

Podcast: How Car Dealers can Master Digital Retail

Auto Remarketing, April 6, 2020 – Amid the COVID-19 pandemic, the vehicle showroom has become a virtual one. And car dealers, like many other businesses, are having to shift their business to a mostly digital one. With that in mind, Cox Automotive’s Mo Zahabi joins Senior Editor Joe Overby on the Auto Remarketing podcast to … Continued

Daily Drive Podcast: Sandy Schwartz Discusses How Cox Automotive is Supporting Clients During COVID-19 Pandemic

Cox Automotive Chief Executive Officer Sandy Schwartz joins Automotive News Publisher Jason Stein for a daily podcast about the coronavirus crisis. Stein and Schwartz discuss how the virus is impacting and reshaping the automotive industry. Schwartz provides details on how Cox Automotive and its family of brands are supporting clients during the current COVID-19 pandemic. Listen to … Continued

Manheim Auctions Go Digital-Only Through April 3

Automotive News, March 16, 2020 – The continued spread of a new coronavirus has prompted Cox Automotive’s Manheim to switch all of its auctions to simulcast-only sales. The move is effective Monday and runs through April 3. The auction giant said it will waive related fees during the period. Physical Manheim locations will operate as … Continued

U.S. Auto Dealers Remain Optimistic About U.S. Economy, Concerned Over Political Climate, Election Season

ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from … Continued

Cox Survey: Dealers are Upbeat on Spring Sales

Automotive News, March 9, 2020 – As they reached mid-winter, U.S. dealers answering a quarterly Cox Automotive survey looked forward to a robust spring selling season and were taking on additional employees and investing in technology to further drive sales. But if the survey had been administered just weeks later, as coronavirus concerns spooked Wall Street … Continued