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
Attribution, to some, is connecting online activity to what happens in a dealership. For James Grace, senior director of Analytics Products with Cox Automotive Media Solutions Group, and President Brian Geitner, the ultimate goal is to take all the guesswork out of the customer shopping experience to eventually bridge the gap between online and offline … Continued
U.S. new-vehicle sales will decline in 2018, but used-vehicle volume will grow 2 to 5 percent next year, economists said last week. The added used volume should help franchised dealers offset lower new-vehicle sales, but independent dealers face greater competition for inventory, a panel of economists told the combined Used Car Week conference and National … Continued
Manheim announced Friday it will deliver an omni-channel experience through its new Marketplace that brings together all channels into one integrated destination for buyers and sellers. The omni-channel experience will provide wholesale vehicle buyers and sellers increased opportunities to connect and transact business, according to Manheim. “We’re well on our way to creating a first-of-its-kind, … Continued
ATLANTA, Nov. 17, 2017 – Cox Automotive presented its 2017 Community Impact Award to Heather Pullen, national remarketing manager, Porsche Cars North America, at the 2017 National Remarketing Conference/NAAA Convention during an awards luncheon on November 16. Presented by Grace Huang, president of Cox Automotive Inventory Solutions, this award, sponsored by Manheim, a Cox Automotive … Continued
It is hard to believe I am heading out to Palm Springs … to attend the National Auto Auction Association (NAAA) convention for the 28th consecutive year! I still recall the first conference I attended; it was an experience like no other; the magnitude and the melting pot of people from all over the country … Continued