ATLANTA, Feb. 15, 2020 – Cox Automotive presented its annual Leader in Sustainability Award to Planet Subaru, a retailer south of Boston that offers itself as the “undealership.” The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership sustainability programs related to waste reduction, energy or water conservation, with a focus on … Continued
ATLANTA, Feb. 14, 2020 – Cox Automotive Rates & Incentives (CAR&I) released a new data set for certified pre-owned (CPO) APR and used-vehicle retail financing. The API enhancements optimize the selling experience designed to be the industry’s most complete, accurate and timely incentive data through easy integration to power consistent pricing and payments. Dealers are now … Continued
It’s not that consumers don’t want to visit a dealership when they buy a vehicle. They do. Generally, though, few are satisfied with how quick and convenient the process is. That’s among the takeaways from a new Cox Automotive survey that asked 2,000 consumers of driving age what they think about ideas to reinvent the … Continued
“Not so bad” meaning “equally good and bad on either side of the coin,” is how Cox Automotive chief economist Jonathan Smoke sized up the economic outlook for 2020. Unemployment is at a 50-year low, consumer sentiment continues to be “relatively high” and consumers are seeing strong wage and income growth, he said. But there are … Continued
Anne Cox Chambers, daughter of Governor James M. Cox and board member, passed away at the age of 100. Those wishing to share their condolences are encouraged to visit http://tribute.coxenterprises.com. Mrs. Chambers was born Dec. 1, 1919 in Dayton, Ohio. She was a business leader, political activist and generous philanthropist. For 33 years, she co-owned … Continued
ATLANTA, Jan. 29, 2020 – January is always one of the slowest months for vehicle sales, and there’s little reason to expect anything different this year. The selling pace slowed last quarter to 16.8 million, below 2019’s final sales of 17 million, and that same softness is likely to continue into the first part of … Continued
Dale Pollak likens himself to a doctor who has a prescription to fix used-vehicle departments. The remedy does not go down easy. “It’s going to be really, really, really distasteful,” Pollak tells dealers. “It’s going to be hard for you to take this medicine.” But take the medicine they must, if they want to be … Continued
Considering how well recently introduced midsize pickup trucks are doing, it may be a wonder why domestic automakers abandoned that segment in the first place. General Motors returned to the sector a few years ago with its Chevy Colorado and GMC Canyon. Last year, Jeep and Ford came back with the Gladiator and Ranger, respectively. … Continued
ATLANTA, Jan. 22, 2020 – It’s no secret the current car-buying experience has room for improvement and that few owners are looking forward to the next 3-hour wait while their vehicle is serviced. But what does an ideal automotive consumer experience actually look like? A new report from Cox Automotive released today provides a road … Continued
At the annual Cox Automotive Industry Insights Breakfast in Detroit, Cox Automotive Chief Economist Jonathan Smoke joined Mike Martinez on the Automotive News Weekend Drive podcast. Smoke said his theme for the new year is that it is “not so bad.” He says vehicle subscription programs are poised to cause “substantial disruption” this year. Plus, … Continued