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Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve

ATLANTA, Nov. 28, 2022 – November U.S. auto sales, when confirmed later this week, are expected to show no real surprises, with both sales volume and pace up from November 2021 but down modestly from last month. According to the Cox Automotive forecast released today, November U.S. new-vehicle sales volume is expected to reach 1.13 … Continued

A Breakdown of U.S. Auto Industry Performance in October with Charlie Chesbrough

CBT News, Nov. 16, 2022 – New-vehicle sales volume has been stuck around the 1.1 million mark for several months. On today’s Inside Automotive, Charlie Chesbrough, senior economist and senior director of industry automotive of Cox Automotive, shares his take on how the U.S auto industry fared in October of 2022. “The October sales were a … Continued

Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low

UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and … Continued

Jarryd Carver and Micheal Lee Receive Cox Automotive and NAMAD Rising Star Awards

ATLANTA, Oct. 10, 2022 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded two Rising Star Awards at the Annual NAMAD Conference in Miami on Friday, October 7. The 2022 award recipients are Jarryd Carver, chief executive officer, Winners Circle Automotive Group, headquartered in Hampton, Virginia, and Michael Lee, … Continued

Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow

ATLANTA (Oct. 7, 2022) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago. The non-adjusted price change declined 2.1% in September, bringing it to a decrease of 2.3% year over … Continued

Cox Automotive Mobility White Paper Expresses EV Optimism Despite Supply Chain Challenges

ATLANTA, Oct. 5, 2022 – While vehicle electrification continues to make strides, the lingering effects of the pandemic, the soaring cost of raw materials and geopolitical challenges have contributed to supply chain disruptions that have slowed widespread electric vehicles (EV) growth in the U.S. This perfect storm of bottlenecks outlined in Cox Automotive Mobility’s latest EV … Continued

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Q3 Sales Nearly Equal to 2021 Levels

UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. … Continued

Cox Automotive Mobility Commits to Cutting Fleet Carbon Emissions in Half by 2030

ATLANTA, Sept. 27, 2022 – As part of Cox Enterprises’ goal to dramatically reduce its carbon, water and waste impact on the environment by 2034, Cox Automotive Mobility is making key advancements in fleet electrification to build a better future for the next generation. Cox Automotive Mobility’s focus on EV development includes the opening of an … Continued

Podcast: Dana Lowenthal and Patrick Brennan of Cox Automotive Inventory Solutions

Auto Marketing, Sept. 9, 2022 – During the NAAA annual convention, Cherokee Media Group senior editor Joe Overby shared a conversation with two executives from Cox Automotive Inventory Solutions — Dana Lowenthal and Patrick Brennan. Among other topics, they discussed how dealers are leveraging auctions today, whether they’re still walking the lanes or going online … Continued

Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness Driven by Inflation, Economic Anxiety, and Tight Inventory; Market Outlook Hits Record Low

ATLANTA, Sept. 8, 2022 – U.S. automobile dealer sentiment in Q3 2022 reflects that more dealers view the current market as weak than strong. Now, at 49, the current market index is below the threshold of 50 in the Cox Automotive Dealer Sentiment Index (CADSI), marking the fifth quarter-over-quarter decline in overall market sentiment. The index is … Continued