ATLANTA, Dec. 10, 2021 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded its Rising Star Award to Amber Martin, director of community and business partnerships for Martin Management Group, headquartered in Bowling Green, Kentucky. Martin was chosen based on nomination criteria, including being under the age of 45 … Continued
UPDATED, Dec. 2, 2021 – Based on our data and reports from the industry, it’s clear that November auto sales were well below year-ago levels. The sales pace last month was likely closer to 13 million, below our forecast of 13.4 and significantly lower than November 2020’s pace of 15.9 million. Sales in November were … Continued
Auto Remarketing Podcast, Nov. 23, 2021 – Joe Kichler, vice president of Manheim Logistics, joins the Auto Remarketing Podcast in an on-site episode from Used Car Week earlier this month. Kichler and Auto Remarketing senior editor Joe Overby talk about Manheim’s partnership with DHL, the transportation space and much more.
Nov. 22, 2021, CBT News Inside Automotive – As we move through the final quarter of the year, you may be asking yourself what can you do to remain successful, despite the industry’s inventory and chip shortages? On today’s show, Jim Fitzpatrick is pleased to welcome back Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights … Continued
ATLANTA, Nov. 16, 2021 – Sales of battery-powered electric vehicles (EVs) in the United States are on track to set an all-time record in 2021, with sales up more than 88% through the end of September. With new players entering the field and consumer choice expanding rapidly, the EV market is on course to grow … Continued
UPDATED, Nov. 3, 2021 – With new-vehicle inventory levels hovering around 1 million units in October, less than half the level of one year ago, the Cox Automotive Industry Insights team forecasted another month of relatively slow new-vehicle sales in October. And indeed, sales were down notably from one year ago, with some brands dropping … Continued
CBT News, Oct. 14, 2021 – We continue to hear news of record pricing across the industry, so on today’s show, we’re learning where things stand today. Host of Inside Automotive Jim Fitzpatrick is pleased to welcome Cox Automotive Chief Economist Jonathan Smoke to discuss third quarter auto sales and he’ll also give us a … Continued
MISSION, Kan., Oct. 11, 2021 – Despite current headwinds and market conditions, dealership service centers remain resilient and continue to be among the most preferred service providers. According to the 2021 Cox Automotive Service Industry Study released today, 34% of consumers prefer dealership service centers, a 1 percentage point increase from 2018, and ahead of general repair … Continued
CORRECTION: An earlier version of this post reported that the Manheim Index hit a record high of 203 in June. The record high was reached in May and reported in June. ATLANTA (Oct. 7, 2021) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 5.3% month over month in September. This … Continued
ATLANTA (Sept. 29, 2021) – Vehicle ownership (buy/lease) is more important than ever, according to the Cox Automotive 2021 Evolution of Mobility Study. This is a dramatic shift from Cox Automotive’s research in 2018, which signaled that consumer acceptance of alternative shared mobility solutions would begin to supplement traditional vehicle ownership if costs and accessibility … Continued