CBT Automotive is speaking today with Cox Automotive members: Joe George, president of Mobility Solutions, David Liniado, vice president of New Growth and Development, and Vince Zappa, president of Clutch Technologies to discuss the future of the automotive industry, and find out what consumers really want. Cox Automotive is expanding their business model to include a … Continued
[Editor’s Note: Part I of this series was published Tuesday. Part III will be from the vantage point of the subscription providers.] The vehicle subscription market is still in its relative infancy, so perhaps it is appropriate that the segment has some eyeing the potential for massive growth and others with questions about its challenges. … Continued
Ask people in the auto industry what they think of car subscriptions, and you’re likely to get a range of answers as diverse as … well … the subscription platforms themselves. Industry consultant Maryann Keller, for example, did not pull any punches when sharing her thoughts during a keynote address at the Automotive Intelligence Summit. … Continued
The Manheim Used Vehicle Value Index is now in unchartered territory. The team at Cox Automotive reported on Monday that wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 2.01 percent month-over-month in August. That jump pushed the index reading to 139.7, which is 6.4 percent higher than a year ago … Continued
Threats of tariffs on imported vehicles and parts have U.S. dealers worried about hits to their business should the extra tax be implemented. More than half of franchised dealers answering the Cox Automotive Dealer Sentiment Index survey for the third quarter expect that tariffs would negatively impact future profits. That was a key factor bringing … Continued
People using modern technology routinely touch a lot of screens on things like mobile devices, kiosks and vehicle infotainment system. But there’s another touch that’s vital: the human touch, says Sandy Schwartz, president of Cox Automotive. “No technology can take its place, though you need that balance between people and technology.” Schwartz delivers that message … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 2.01 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 139.7, which was a 6.4 percent increase from a year ago and the highest level for the series over its more than 20-year history. Looking at trends in … Continued
ATLANTA, Sept. 10, 2018 – According to data from the Q3 2018 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers are more positive than negative in describing the current market in the third quarter but are fearful that proposed auto tariffs could hurt profitability. Only 11 percent of dealers believe auto tariffs on … Continued
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks dealers to rate new-car sales and … Continued
Buyers know that getting the right vehicle at the right time is critical to maximizing profits in the ultra-competitive used car industry—but that can be challenging during an auction sale day where thousands of vehicles are crossing multiple auction blocks in just a few hours. With Manheim’s Lane Alerts, buyers can receive a text message … Continued