ATLANTA (Jan. 25, 2021) – Cox Automotive today announced the launch of Complete Retail, a revolutionary end-to-end digital retail experience that allows consumers and retailers to complete the shopping and buying processes from anywhere. Cox Automotive is uniquely positioned to bring every step of the car-buying journey and every part of the deal process together – … Continued
ATLANTA (Jan. 8, 2021) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.59% month over month in December, putting the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago. Manheim Market Report (MMR) prices declined each week over the four full weeks of December, resulting … Continued
Bloomberg, Jan. 6, 2021 – Pandemic lockdowns have cost millions oflow-income Americans their jobs, while white-collar types whowork from home are flush with cash they can’t spend on dining ortravel. Instead, many of them are buying expensive cars.High-end trucks and sport utility vehicles are flying offdealer lots, but sales of entry-level compact cars andcrossovers remain … Continued
ATLANTA, Jan. 5, 2021 – Cox Automotive has acquired Fyusion, a computer vision company and leader in immersive vehicle imaging solutions for automotive and other industries. This acquisition will deepen the collaboration between Manheim and Fyusion, which have worked together for years to give clients the wholesale industry’s best mobile imaging and condition capture tools in the Manheim … Continued
ATLANTA and INDIANAPOLIS, Jan. 5, 2021 – Cox Automotive today announced the acquisition of Dickinson Fleet Services, the leading mobile maintenance provider for medium and heavy-duty trucks and trailers in North America. This investment significantly bolsters the capabilities and geographic reach of Cox Automotive Mobility’s nationwide Pivet fleet services marketplace. Dickinson’s breadth of preventative maintenance … Continued
ATLANTA, Dec. 22, 2020 – Boosted by year-end sales and extra selling days, light vehicle sales in the U.S. for December are expected to finish near 1.54 million, a 1.9% increase over last December. The gain is a bit misleading, however, as there are 28 shopping days this month, three more than last year and … Continued
Forbes, Dec. 22, 2020 – The deadly coronavirus pandemic continues to cast a shadow on the U.S. economy and auto sales, probably through at least the first half of 2021, until vaccines become more widely available, according to a forecast from Cox Automotive. “We are starting to think things look a little bit tougher for … Continued
What can the industry expect through the end of the year? Brian Finkelmeyer, senior director of new car solutions at Cox Automotive, joins Jim Fitzpatrick on CBT News to answer that question. Finkelmeyer recently published an article in the Cox Automotive Newsroom titled Everything About 2020 Is Different, Including Year-End Deals, where he explores how December … Continued
Auto Remarketing/SubPrime Auto Finance News, Dec. 14, 2020 – Cox Automotive recently launched a new industry measurement called the Dealertrack Credit Availability Index that’s geared to track how the auto-finance market is trending. For the first installment, analysts discovered credit availability continued to improve in November for all types of financing. Cox Automotive indicated the … Continued
ATLANTA, Dec. 14, 2020 – U.S. automobile dealer sentiment dropped in Q4 returning to its pre-pandemic levels, according to the latest Cox Automotive Dealer Sentiment Index (CADSI). The overall current market index dropped below 50 into negative territory with a score of 49, a statistically significant 7-point decrease from last quarter’s 56. Year over year, … Continued