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Cox Automotive Forecast: New-Vehicle Sales in January Expected to Maintain Healthy Pace Set in December

New-vehicle sales in January came in lower than the Cox Automotive forecast, as a likely pullback from hotter-than-expected sales in December and colder-than-expected weather across much of the country in the middle of the month combined to hold consumers back. Total new-vehicle sales in January are now estimated at 1.08 million, below our forecast of … Continued

Cox Automotive to Revolutionize the Vehicle Transportation Experience for Shippers and Carriers

ATLANTA – January 25, 2024 – Cox Automotive is again doubling down on its commitment to vehicle logistics, investing more than $100 million to revolutionize the vehicle transport industry through technology. This investment will transform the company’s industry-leading brand, Central Dispatch, from a matchmaking service that connects shippers and carriers into a fully integrated automotive … Continued

Cox Automotive Brings World-Class Connections Alive at the NADA Show 2024

ATLANTA, Jan. 23, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, will occupy the largest exhibition space at NADA Show 2024, which is being held February 1-4 at the Las Vegas Convention Center. The National Automobile Dealers Association’s annual convention routinely attracts tens of thousands of dealers and guests and is a … Continued

Used Car Dealer Podcast Episode 56: Navigating the 2024 Used Car Market with Cox Automotive’s Senior Director Industry Insights

In this episode of the Used Car Dealer Podcast, Zach Klempf interviews Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. They delve into the dynamic shifts in the automotive market, focusing on the trends and challenges of 2023, the evolving landscape of used vehicle values, the critical role of data in … Continued

Cox Automotive Launches ‘Project Pink’ – A Campaign Celebrating Technician Diversity and Breast Cancer Awareness

ATLANTA and INDIANAPOLIS, Ind., Jan. 11, 2024 – Cox Automotive proudly announces ‘Project Pink,’ an innovative initiative to celebrate diversity among its Fleet Services and Manheim technicians and support breast cancer awareness. Project Pink is a groundbreaking campaign that features high-visibility pink uniforms for female technicians at Cox Automotive. Icie Hinton, a female trailer shop … Continued

Manheim Index: Used-Vehicle Values Fall Further in 2023, with Values Now Down 21% from All-Time High Reached in 2021

ATLANTA (Jan. 8, 2024) – Following a downward trend that began in the second half of the year, 2023 ended with the Manheim Used Vehicle Value Index down 0.5% in December from November. The Manheim Used Vehicle Value Index (MUVVI) dropped to 204.0, down 7.0% from the previous year, a larger decline than originally expected. … Continued

Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

ATLANTA, Jan. 3, 2024 – For the U.S. auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto … Continued

Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis

ATLANTA, Dec. 27, 2023 – December new-vehicle sales, announced next week, are expected to show gains over last year’s product-constrained market. According to the Cox Automotive forecast released today, sales volume this month is expected to rise 6.2% over December 2022. The seasonally adjusted annual rate (SAAR), or sales pace, is expected to finish near 15.1 million … Continued

Why Do Cars Lose Their Value So Fast

CNBC, Dec. 16, 2023 – A car loses about 10% of its value as soon as it’s driven off the lot. And within the first three years, that number goes up to 50%. Depreciation — the rate at which that happens — is one of those numbers everyone in the automotive world thinks about, including … Continued

U.S. Auto Dealer Sentiment Tumbles in Q4, as Continued Concerns Over Interest Rates and the Economy Cloud Future Prospects

ATLANTA, Dec. 7, 2023 – The Cox Automotive Dealer Sentiment Index (CADSI) reveals a significant decrease in U.S. auto dealer sentiment in Q4 2023 compared to Q3. This decline is attributed to the ongoing adverse effects of high interest rates and a weakening economy on the automotive market. The latest survey illuminates several areas where … Continued