Six months into its dramatic transformation, Autotrader is delivering the more dynamic car-shopping experience it pledged to car buyers and dealers at the beginning of 2018. For consumers, the optimizations have yielded a faster and more personalized online shopping experience with true price transparency, contributing to increases in traffic and overall site satisfaction on desktop … Continued
Rebecca Lindland, Executive Analyst at Kelley Blue Book, will discuss today’s news about the Trump administration proposing to ease auto mileage rules. She speaks on Bloomberg Markets with Pimm Fox and Bob Ivry. Lindland says it is important to put the easing of rules into perspective. This provides an opportunity to more closely align the … Continued
The retail used-vehicle market is likely benefitting — at the moment, at least — from pulling over and pulling ahead. That is to say, a value proposition that is pulling would-be buyers of traditional cars in the new market over to the used market; and the specter of proposed automotive tariffs that may be leading … Continued
Each month automotive industry experts from Cox Automotive and its brands host a sales day commentary call to provide insights into the previous month and to answer media questions related to market movement. The audio for the most recent call which covers the July selling month is available. Listen › Automakers reported July 2018 sales … Continued
Polled car consumers say they would change their buying behavior in various ways in response to threatened U.S. tariffs on imported vehicles. That’s according to a Cox Automotive survey. Rebecca Lindland, executive analyst for Kelley Blue Book, a Cox brand, highlights survey results during a session at the Center for Automotive Research’s Management Briefing Seminars … Continued
ATLANTA, July 26, 2018 – U.S. new-vehicle sales in July are expected to come in at 1.41 million units, mostly unchanged when compared to year-ago levels according to the forecast released today by Cox Automotive. However, with one less selling day this year, the seasonally adjusted annual rate (SAAR) for July would be 17.1 million, an … Continued
Millennials have an increased presence in the auto retail space and Generation Z will enter the market over the next few years. Car buyers’ preferences are moving from face-to-face interactions to online activities. According to Cox Automotive’s 2017 “Future of Digital Retailing” study, while most consumers prefer completing at least one step of the car-buying … Continued
Lease returns have been one of the dominant discussion points in the auto industry over the last few years, and rightfully so, given the influx in volumes that are now approaching a peak. But when you think about lease returns and their impact to wholesale markets, only a “subset” of the off-lease volume ends up … Continued
DETROIT – The number of franchised car dealerships and their owners is expected to decline dramatically in the coming years. That’s the prediction of Mark O’Neil, chief operating officer of Cox Automotive, a company with brands that include Autotrader, Manheim auctions, Kelley Blue Book and Dealer.com. Currently, there are about 16,800 dealerships or “rooftops,” about … Continued
ATLANTA, July 13, 2018 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to William Montez (Monte) Perkins II, general sales manager with Taylor Chevrolet in Taylor, Michigan. Perkins was chosen based on nomination criteria, including being a NAMAD member under the age of 40 who … Continued