ATLANTA, Dec. 11, 2017 – Cox Automotive announced today that it has filed a lawsuit against CDK Global LLC (NASDAQ: CDK) (“CDK”) asserting, among other claims, ongoing antitrust and unlawful competition violations. The suit, filed in The United States District Court for the Western District of Wisconsin, alleges that CDK and its non-party co-conspirator The … Continued
Current market seen as more positive by franchise dealers; independents anticipate a positive future ATLANTA, Dec. 11, 2017 – U.S.-based automobile dealers are optimistic about the first quarter of 2018 and believe inventory issues of earlier this year have mostly subsided, according to insights found in the fourth-quarter Cox Automotive Dealer Sentiment Index (CADSI) released … 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
Car buying is about to get better. Consumers are demanding change, and dealers should be as well. The separation between our digital and physical lives has become razor thin, even nonexistent in many cases. What we do and how we interact digitally plays directly into our real-world lives, and vice versa. We’ve seen many industries … Continued
Dealers are positive about the next quarter, but that optimism varies widely by region, a Cox Automotive survey found. The quarterly Cox Automotive Dealer Sentiment Index, released today, is the equivalent of a consumer confidence index, showing how U.S. dealers feel about the current automotive market and prospects for the next 90 days. It also … Continued
U.S.-based automobile dealers are optimistic about the first quarter of 2018. They say inventory concerns from earlier this year have mostly subsided, according to insights found in the Cox Automotive Dealer Sentiment Index (CADSI) for the fourth quarter. Released today, the report showed that despite a healthy sales environment during the survey period, both franchised … Continued
U.S. auto sales, behind strong results at Nissan, Ford and Honda, rose 1.4 percent to 1,399,640 in November — a record for the month — exceeding most forecasts and driven by light-truck demand and fatter deals. It is only the second month this year that light-vehicle sales rose year over year. Light truck volume jumped … Continued
The U.S. auto industry may be closing out the first annual decline since the year GM and Chrysler went bankrupt, but it’s a long ways from carmageddon. Investors are shrugging off the drop in demand that General Motors Co., Fiat Chrysler Automobiles NV and Ford Motor Co. have seen in their home market this year, … Continued
Mike Burgiss is thoughtful, chooses his words carefully and stops short of saying digital retailing will completely take over the auto-dealership business, despite its impact so far. Burgiss, who holds a degree in mechanical engineering from Virginia Tech, is vice president-digital retailing for Cox Automotive. Cox Automotive consists of 20 brands. Those include Autotrader (inventory … Continued
ATLANTA, Nov. 28, 2017 – Cox Automotive names Mark F. Bowser, executive vice president and chief financial officer, effective December 4. Bowser will assume leadership of the Finance and Strategy teams, as well as several corporate functions. In addition, Bowser will have responsibility for NextGear Capital. “I have seen Mark in action during his tenure … Continued