Associated Press, Feb. 12, 2019 — Borrowers are behind in their auto loan payments in numbers not seen since delinquencies peaked at the end of 2010, according to the Federal Reserve Bank of New York. More than 7 million Americans were 90 or more days behind on their car loans at the end of last year, 1 … Continued
Auto Remarketing, Feb. 7, 2019 — There was a bit of a slow start for the certified pre-owned car market at the outset of 2019, but that comes off what was the eighth straight record year of sales. According to Cox Automotive, there were 2.70 million CPO sales in 2018, a 2.1-percent year-over-year gain. This … Continued
Automotive News, Feb. 4, 2019 — As one of the lowest-volume months for new U.S. light-vehicle sales, January is seldom the best barometer of how the year will pan out. But surging interest rates on auto loans and steadily rising vehicle prices make clear that automakers will be hard-pressed to produce sales gains in 2019. … Continued
CBT News, Jan. 31, 2019 — As we settle into 2019, alternative vehicle ownership continues to increase in popularity with consumers. Here to guide us through this emerging market is Isabelle Helms, vice president of research and market intelligence for Cox Automotive. In today’s segment, Jim Fitzpatrick and Isabelle discuss the final chapter of the … Continued
Auto Remarketing, Feb. 1, 2019 — In Part 11 of the Auto Remarketing article, “Auto wholesale ‘is going digital,’ but big role for brick-and-mortar,” Grace Huang, who is president of the Cox Automotive Inventory Solutions group that includes the Manheim auctions, said she sees a lot of opportunity for auto auctions when it comes to … Continued
Auto Remarketing, Feb. 1, 2019 — There wasn’t any “grand announcement” from Cox Automotive when Sandy Schwartz took the floor at an NADA Show 2019 press conference here late last month. Rather, Cox Automotive was touting a range of projects in the hopper designed to “make a difference in the future of dealers,” said Schwartz, the … Continued
Tesla released fourth-quarter and full-year 2018 financial results today that illustrate the electric-vehicle maker faces formidable challenges, compounded by the fact that numerous new EV competitors are gunning for Tesla with new models. But where Tesla excels is in strength of its brand and shopping consideration in the electric vehicle segment, according to Cox Automotive … Continued
ATLANTA, Jan. 30, 2019 – Cox Automotive has promoted David Brooks to chief technology officer effective today, reporting to Chief Product Officer Marianne Johnson. He was most recently senior vice president of engineering at Manheim. In his new role, Brooks and his team will be responsible for architecture, enterprise data engineering, emerging technologies, and delivering … Continued
Auto Remarketing, Jan. 29, 2019 — It was the eighth straight year of record certified pre-owned car sales, amid an overall used-car retail market that is still seeing some strength. And while there are signs the used-car market may have peaked from a sales volume perspective, the feeling around last week’s NADA Show 2019 — … Continued
CBT News, Jan. 29, 2019 — Organizations that rely on fleet vehicles are constantly looking for ways to control costs, reduce risks, and maximize the profitability of the vehicles in their possession. From detailing, to fueling, to maintenance, and other logistics, our next guest is here to provide some fleet service solutions. Joining CBT News’ … Continued