Automotive News, Aug. 19, 2019 — The shortage of talented auto service technicians is acute and growing. The turnover of service advisers at new-vehicle dealerships has come to resemble a revolving door. Workers younger than baby boomers aren’t especially interested in dealership jobs, including those in the service department, parts desk and body shop. Even as … Continued
Auto Remarketing, Aug. 19, 2019 — It was a great start to the second half of the year for the certified pre-owned car market. There were 236,579 CPO vehicle sales in July, which beat year-ago figures by 6%, despite trailing June figures by 2%, says a new Data Point report from Cox Automotive, which cites Motor … Continued
Automotive News, Aug. 19, 2019 — Cost and practicality are deterring customers from buying electric vehicles, according to a Cox Automotive study. But Cox says much of the concern is based on misconceptions. “A lot of it is misconception and an education opportunity for manufacturers and dealers,” said Rachelle Petusky, manager of research and market … Continued
Forbes, Aug. 19, 2019 — When it comes to electric vehicle brand awareness in the marketplace, Elon Musk’s Tesla by far surpasses all others, according to a study released Monday by Cox Automotive. When asked what brands of electric vehicles they were aware of, 81% of consumers responding who said they are considering an electric vehicle purchase … Continued
ATLANTA, Aug. 19, 2019 – Dealers and automakers are in the driver’s seat when it comes to laying a positive foundation for the nearly 100 new electrified models scheduled to arrive in the U.S. market in the next few years. However, without collaboration between the two groups, clearing up the common misconceptions facing electric vehicles … Continued
CBT News, Aug. 12, 2019 — Attracting the top talent is always on every dealer’s mind, however as the workforce begins to change, so should recruiting strategies. On today’s show, CBT News takes a look at our recent conversation with Isabelle Helms, vice president of research and marketing intelligence for Cox Automotive. She discusses key … Continued
ATLANTA, Aug. 12, 2019 – The Cox Automotive Mobility Group white paper entitled Ready or Not, Mobility Is Transforming the Automotive Industry shares industry-leading research and insights on how dealers can capitalize on a variety of new mobility services, such as vehicle subscriptions, providing an avenue to expand and diversify recurring revenue sources at their … Continued
ATLANTA, July 26, 2019 – Cox Automotive is forecasting July U.S. auto sales volume to finish at 1.38 million, rising 0.5% from last year, or about 7,000 units. The seasonally adjusted annual rate (SAAR) is expected to drop to 16.6 million, below June’s 17.3 million level, and down slightly from July 2018’s 16.7 million pace. … Continued
ATLANTA, July 23, 2019 – As employee turnover across the U.S. reaches new heights and competition for talent redefines the workforce, dealerships find themselves at the epicenter of the struggle to attract and retain skilled workers. Fortunately, the Cox Automotive 2019 Dealership Staffing Study reveals an optimistic forecast with younger generation showing a greater interest … Continued
ATLANTA, July 16, 2019 – Tim McKinley has been promoted to chief sales officer (CSO) for Cox Automotive, reporting to President Sandy Schwartz, from his position as senior vice president of sales for Manheim, a Cox Automotive brand. McKinley replaces Sid Nair who is returning to Texas for a new opportunity. As CSO, McKinley will … Continued