Cox Automotive Inc.

Cox Automotive’s Power of Data Study Reveals While Data Insights Provide Value to Heavy Users, Most Dealers Still Experience Data Challenges

4 min read

ATLANTA, July 30, 2024—Today’s automotive dealers know there is power in data, but they struggle to extract actionable insights from it, according to Cox Automotive’s 2024 Power of Data study. Capturing feedback and perspective from franchise dealers and their management, the study reveals dealers are facing challenges putting data to use. However, the study also … Continued

CDG Podcast: Dealer Tech Expert: How Car Buying is Evolving

1 min read

Chase Abbott, vice president of Sales at Cox Automotive, joins this Car Dealership Guy Podcast episode to discuss how car buying is evolving, the future of dealership technology stacks, the #1 killer of car deals and the secret playbook to getting a dealership’s attention.

Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions

4 min read

Update, August 2, 2024 – New-vehicle sales in July, as forecast last week, mostly rebounded from a temporary sales slowdown driven largely by a widespread dealer software outage in the second half of June.  While the June sales pace has been revised lower, to a surprisingly slow 15.2 million, the market seemingly got back on … Continued

Manheim Report: Used Vehicle Values Fall for Third Straight Month, but Declines Are Slowing

7 min read

ATLANTA (July 9, 2024) – The Manheim Used Vehicle Value Index (MUVVI) declined to 196.1 in June, ending the first half of 2024 down 8.9% from a year ago. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in June compared to May. The seasonal adjustment to the index mitigated the … Continued

Central Dispatch® Completes First Phase of its Transformation with Introduction of New Enterprise Capabilities Benefiting Clients

4 min read

ATLANTA – June 26, 2024 – Cox Automotive today announced the completion of the first phase in Central Dispatch’s transformation with the launch of Central Dispatch Enterprise, a customizable package of end-to-end capabilities designed for large automotive shippers and brokers. Featuring a proven private marketplace solution that’s already been used to move 400,000+ vehicles in … Continued

Cox Automotive Forecast: US Auto Sales Expected to Finish First Half Higher by 2.9%, in Line With Expectations for Slow Growth

5 min read

Update, July 3, 2024 – Initial numbers indicate that new-vehicle sales volume was down year over year by more than 3%; we were forecasting a slight increase. The sales pace last month is now being pegged at 15.3 million (SAAR), well below our forecast of 16.0 million. And all these numbers will likely be revised, as the … Continued

U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious

9 min read

ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below … Continued

Vanessa Ton Discusses the Barriers and Opportunities for EV Adoption by Dealers in the U.S.

1 min read

CBT News, June 4, 2024 – EV sales in the U.S. market surpassed 1 million units for the first time in 2023, but not everyone is on board just yet. On this episode of CBT Now, host Jim Fitzpatrick discusses the findings of Cox Automotive’s new 2024 Path to EV Adoption Study with Vanessa Ton, Senior … Continued

Cox Automotive Forecast: Despite Higher Incentives and Improved Inventory, New-Vehicle Sales Growth Remains Modest in May

4 min read

Updated, June 4, 2024 – The new-vehicle sales pace in May surprised to the upside, as higher inventory levels and more aggressive deal-making helped push the May sales pace slightly higher than the Cox Automotive forecast of 15.8 million. Our team was expecting a positive result in May, a gain compared to April and higher … Continued

DAILY DRIVE PODCAST: Cox Automotive Chief Product Officer Marianne Johnson

1 min read

Automotive News Daily Drive Podcast, May 13, 2024 – Cox Automotive Chief Product Officer Marianne Johnson joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Johnson discuss how artificial intelligence is reshaping the auto industry.