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Cox Automotive Forecast: New-Vehicle Sales Stall in September

ATLANTA, Sept. 27, 2021 – September U.S. auto sales are forecast to be significantly hampered by an ongoing lack of new-vehicle inventory. According to a forecast released today by Cox Automotive, the pace of auto sales, or seasonally adjusted annual rate (SAAR), is expected to finish near 12.1 million, the slowest pace since May 2020, when … Continued

Podcast: Cox Automotive Mobility to Host Inaugural EV Battery Summit

Auto Remarketing Podcast, Sept. 23, 2021 – In this special sponsored episode of the podcast, Joe Overby is joined by Lea Malloy, who is head of EV battery solutions at Cox Automotive Mobility, to discuss the first-ever Cox Automotive Fall Expo. The event, which will be held online Sept. 27-30, includes the Executive Thought Leadership … Continued

Cox Automotive’s Brian Finkelmeyer on New Vehicle Inventory and What Dealers Should Focus on

CBT News, Sept. 22, 2021 – As demand continues to climb alongside inventory concerns, could you be doing more to get ahead of it all? Brian Finkelmeyer, senior director of new car solutions at Cox Automotive, joined Jim Fitzpatrick to discuss practices dealers can implement today and what they should be paying attention to. Finkelmeyer … Continued

Cox Automotive’s Charlie Chesbrough Reveals Forecast for Q4 and How Car Dealers Can Prepare

CBT News, Sept. 17, 2021 – The shortage of new vehicle inventory has led to a decline in sales and an uptick in stress for many of you. Cox Automotive is reporting that August was the fourth consecutive month of slowing sales for new vehicles. On this episode, Charlie Chesbrough, senior economist and senior director of … Continued

Despite Continued Inventory Troubles, U.S. Automobile Dealer Sentiment Remains Positive, Spurred by Record-High Profits

ATLANTA, Sept. 13, 2021 – As tight vehicle inventory continues to vex the auto industry, U.S. dealer sentiment in the third quarter softened but remains mostly positive and above levels recorded in Q3 2020 and Q3 2019.   The current market index reading of 62 in the most recent Cox Automotive Dealer Sentiment Index (CADSI) indicates that more … Continued

Podcast: Cox Automotive’s Jonathan Smoke at Non-Prime Auto Financing Conference

Auto Remarketing, Sept. 1, 2021 – A few moments after his keynote presentation at the 25th Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association, Cox Automotive chief economist Jonathan Smoke sat down with senior editor Nick Zulovich for a wide-ranging conversation. Smoke recapped the highlights of his presentation, including a popular song … Continued

Cox Automotive Mobility Takes Charge of EV Battery Lifecycle Services With Global Acquisition

ATLANTA (September 1, 2021) – Focused on being the world’s best end-to-end caretaker for the electric vehicle (EV) future from storage and logistics to remanufacturing, reuse and pre-treatment recycling, Cox Automotive Mobility today announced a foundational investment for its new global EV battery service network with the acquisition of Spiers New Technologies (SNT), a leading service provider for EV … Continued

Podcast: NextGear President on ‘The Way Forward for Independent Dealers’

Auto Remarketing, Aug. 30, 2021 – During last week’s NIADA Convention in San Antonio, NextGear Capital president Scott Maybee joined the  Auto Remarketing Podcast in one of the first in-person episodes of the show in over a year. In this episode, Maybee and Auto Remarketing senior editor Joe Overby discuss “The Way Forward for Independent Dealers,” how … Continued

Cox Automotive Forecast: August New-Vehicle Sales Pace Slowest of 2021 Due to Low Supply

UPDATED Sept. 1, 2021 – With new-inventory extremely tight for most brands across the country, a slowdown in sales compared to July was widely expected. Initial reports indicate that tight inventory is now negatively impacting sales at nearly all brands. A few will ultimately squeeze out small year-over-year gains – Acura, Mazda – but a … Continued

Cox Automotive Mobility and Arizona’s Institute of Automated Mobility Work to Advance Automated Vehicle Development and Safety

PHOENIX (August 10, 2021) – Cox Automotive Mobility, a division of Cox Automotive committed to advancing the world’s fleets to serve the next generation, will be joining the Institute of Automated Mobility (IAM), a public-private consortium established by Governor Ducey in 2018 to shape the future of transportation safety, science and policy. The collaboration will leverage emerging … Continued