The Cox Automotive Mid-Year Review will be held on Thursday, June 25, at 11 a.m. EDT, a week before the auto industry closes the book on a difficult and wild first half. This 90-minute webinar will be kicked off by Cox Automotive President and CEO Sandy Schwartz who will provide an industry overview and highlight The Way … Continued
Automotive News, June 15, 2020 – Automaker and dealer inventories fell sharply in May as retail sales recovered from their late March lows and production continued to ramp up after lengthy stoppages. While most automakers declined to report their inventory figures, those that did saw steep declines in their days’ supply to start June, thanks … Continued
Automotive News, June 15, 2020 – Cox Automotive Chief Economist Jonathan Smoke joined Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. Smoke says inventory shortages, fewer incentives, weaker demand and tightening auto loan standards could slow the industry’s sales momentum in the second half of the year. Listen to the episode.
Dealer News Today, June 15, 2020 – Getting vehicles frontline ready has never been more important for dealerships. Prior to COVID19, consumers were already moving more and more to online car researching and buying. Estimates put this customer online activity at over 60%. They are going to fewer and fewer dealerships and over 40% are … Continued
CBT News, June 11, 2020 – In this segment, Sandy Schwartz, president and CEO of Cox Automotive, talks to CBT’s Jim Fitzpatrick about how the auto industry is approaching recovery efforts, the unexpected spike of auto sales in May, and much more. Watch the episode.
Automotive News, June 8, 2020 – Cox Automotive this week will unveil a strategy to realign its business around new priorities — from digital acceleration to data insights — that the company says reflect how auto retailers will need to operate in a post-pandemic world. The campaign, called “The Way Forward,” will include new integrations … Continued
ATLANTA, June 8, 2020 – According to the Q2 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is understandably far more negative than in the first quarter. With an index score of 20, the rating presents a clear picture of the devastating impact COVID-19 has … Continued
Automotive News, June 8, 2020 – To no one’s surprise, COVID-19 restrictions on vehicle sales and the resulting economic toll drove dealer sentiment into abysmal territory during the second quarter, according to the latest Cox Automotive Dealer Sentiment Index survey. But franchised dealers, known for their boundless optimism, are already anticipating a robust recovery during the … Continued
Forbes, June 5, 2020 – Automakers used generous incentives to spark a temporary sales spike in April and May helping to clear dealer lots. Combined with assembly plants still not up to full production, inventories are low, leaving little reason to sweeten the spiffs. Now, for consumers who waited to jump into the market, or … Continued
CBT News, June 5, 2020 – Mike Boyd, founder and director of business enablement at iRecon, a used-car reconditioning software for dealerships, joins Jim Fitzpatrick at CBT News for a conversation. In this segment, Mike and Jim talk about the used-car market, iRecon becoming part of vAuto, and more. Watch the segment.