Press Releases | Newsroom | Cox Automotive

Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges 02/23/2021 ATLANTA, Feb. 23, 2021 – February sales when reported next week are expected to show a relatively strong vehicle market in the U.S., though slowing from January’s robust post-holidays pace. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to be near 16.3 million, down from January’s 16.6 million level and below last year’s 16.8 million. However, given ongoing pandemic… Read Article

new-vehicle sales sales forecast Press Releases

Cox Automotive Study Finds Car Buying Process Improved During COVID-19 Pandemic 02/23/2021 ATLANTA, Feb. 23, 2021 – Cox Automotive today released its 11th annual Car Buyer Journey Study. The extensive study is based on a survey of consumers who bought or leased a new or used vehicle and is designed to offer a detailed look at the vehicle buying process in America, from start to finish. While the global COVID-19 pandemic has negatively impacted nearly every measure of… Read Article

Car Buyer Journey Press Releases

NADA 2021/AFSA 2021 Newsroom 02/08/2021 This special newsroom provides a centralized hub to access all of the announcements from Cox Automotive brands related to NADA Show 2021 and AFSA 2021 Vehicle Finance Conference. Press Release Schedule Date/Time*BrandPR ContactAnnouncementAssetsFeb. 8/8 a.m.XtimeBrenna BuehlerPutting the Entire Service Process in the Palm of the Customer, Xtime Invites Clients to Elevate Service and ProfitabilityLinkFeb. 4/9 a.m.ManheimJulie ShippNew Manheim Dashboard Puts Powerful Data at Dealers’ Fingertips, Fueling More… Read Article

Press Releases

Cox Automotive Forecast: Relatively Healthy Auto Sales Continue in January 01/26/2021 ATLANTA, Jan. 26, 2021 – January is normally the quietest month of the year for vehicle sales as buyers take a break after holiday shopping, but according to a Cox Automotive forecast released today, January 2021 U.S. auto sales are expected to be healthy, up from last month and down less than 4% from January 2020. The forecast volume decline of 3.7% from last year –… Read Article

new-vehicle sales sales forecast Press Releases

Cox Automotive Hires Ken Kraft as Chief Marketing Officer 01/26/2021 ATLANTA, Jan. 26, 2021 – Cox Automotive announced today that Ken Kraft is joining the company as executive vice president and chief marketing officer, effective Monday, February 8. Kraft will report to Cox Automotive President Steve Rowley and join the executive leadership team. The CMO role has been expanded and elevated to support more growth across Cox Automotive. Kraft will lead both marketing and communications for… Read Article

Press Releases

Cox Automotive Presents 16th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship 01/25/2021 ATLANTA, Jan. 25, 2021 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Corina Diehl, owner and president of Diehl Automotive, a five-dealership group headquartered in Butler, Pa. Named after Barbara Cox, the late co-owner of Cox Enterprises and daughter of the company’s founder, this honor is awarded to women who demonstrate business leadership and community advocacy, and a commitment to… Read Article

Press Releases

As the Car-Buying Process Moves Online, Satisfaction Climbs to an All-Time High 01/25/2021 Atlanta, Jan. 25, 2021 – There was a time when consumers rated the car-buying process roughly on par with a stubborn root canal. But those days are passing into the rearview mirror now, as auto dealers move more steps of the retail process online resulting in consumer satisfaction hitting an all-time high, according to the new Digitization of End-to-End Retailing (DoEER) study by Cox Automotive. With… Read Article

Press Releases

Cox Automotive Debuts Complete Retail Experience 01/25/2021 ATLANTA (Jan. 25, 2021) – Cox Automotive today announced the launch of Complete Retail, a revolutionary end-to-end digital retail experience that allows consumers and retailers to complete the shopping and buying processes from anywhere. Cox Automotive is uniquely positioned to bring every step of the car-buying journey and every part of the deal process together – start, flow, sign and close. More than an iterative step, Cox… Read Article

Digital Retailing Complete Retail Press Releases

Despite December Drop, Manheim Used Vehicle Value Index Ends 2020 Near Record High 01/08/2021 ATLANTA (Jan. 8, 2021) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.59% month over month in December, putting the Manheim Used Vehicle Value Index to 161.1, a 14.2% gain from a year ago. Manheim Market Report (MMR) prices declined each week over the four full weeks of December, resulting in a 2.2% cumulative wholesale price decline on the Three-Year-Old Index.… Read Article

Manheim Used Vehicle Value Index used vehicle market MUVVI Press Releases

Cox Automotive Acquires Fyusion, Purchase Deepens Collaboration, Delivers Future Innovations Benefiting Clients 01/05/2021 ATLANTA, Jan. 5, 2021 – Cox Automotive has acquired Fyusion, a computer vision company and leader in immersive vehicle imaging solutions for automotive and other industries. This acquisition will deepen the collaboration between Manheim and Fyusion, which have worked together for years to give clients the wholesale industry’s best mobile imaging and condition capture tools in the Manheim Express™ app. “Anywhere a car can be imaged, we believe the… Read Article

Press Releases