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Cox Automotive’s Statement on COVID-19 – Summary of Activities 04/09/2020 A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive is looking for every opportunity to keep our people healthy, to… Read Article

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U.S. Auto Dealers Remain Optimistic About U.S. Economy, Concerned Over Political Climate, Election Season 03/09/2020 ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from Q4’s index score of 47 was not statistically significant. Year over… Read Article

Dealer Sentiment Index Cox Automotive Dealer Sentiment Index CADSI Press Releases

Brand Experience Centers, At-Home Maintenance, Service Pick-up and Drop-off: These are the Modern Automotive Dreams, New Research Shows 01/22/2020 ATLANTA, Jan. 22, 2020 – It’s no secret the current car-buying experience has room for improvement and that few owners are looking forward to the next 3-hour wait while their vehicle is serviced. But what does an ideal automotive consumer experience actually look like? A new report from Cox Automotive released today provides a road map. Reimagining the Automotive Consumer Experience is a comprehensive look at… Read Article

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Younger Generations Could Provide Answer to Dealership Turnover Issue 07/23/2019 ATLANTA, July 23, 2019 – As employee turnover across the U.S. reaches new heights and competition for talent redefines the workforce, dealerships find themselves at the epicenter of the struggle to attract and retain skilled workers. Fortunately, the Cox Automotive 2019 Dealership Staffing Study reveals an optimistic forecast with younger generation showing a greater interest in dealership jobs than older generations. According to the latest study,… Read Article

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Car Buyers Visiting Fewer Dealerships, Making Faster Decisions as Online Engagement Rises 04/15/2019 ATLANTA, April 15, 2019 – According to a new study released today by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019 Cox Automotive Car Buyer Journey study also indicates consumers continue to be frustrated by new-vehicle prices and are more likely than… Read Article

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10 Takeaways from U.S. Auto Sales: Q1 2020 and COVID-19 04/09/2020 To many we’ve spoken with, March may have been the longest month ever. Or it just seemed that way as our lives, the economy, and the auto industry began a slow-motion crash into the ditch that dragged on forever. Cox Automotive is all too aware of the impact COVID-19 is having on every corner of the auto business. Our team of analysts has been sharing data… Read Article

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Cox Automotive’s Statement on COVID-19 – Summary of Activities 04/09/2020 A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive is looking for every opportunity to keep our people healthy, to… Read Article

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COVID-19 Puts Brakes on March Fleet Sales, Rental Units Down 34% 04/09/2020 Year-over-year growth in fleet sales began a strong decline compared to the prior year as combined rental, commercial and government purchases of new vehicles were down 27.6% in March. Total fleet volume in March was 229,725, down significantly from 317,427 in March 2019. Rental units led the drop with a 34% decrease while commercial vehicle sales were down 17.7% year over year in March. Retail sales… Read Article

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Shift Podcast: Kelley Blue Book’s Karl Brauer on Coronavirus and Cars (Episode 36) 04/08/2020 Automotive News, April 6, 2020 – Karl Brauer, executive publisher at Kelley Blue Book, joins Shift: A podcast about mobility to discuss how the COVID-19 pandemic compares to the Great Recession, what automakers and suppliers can learn from crisis and how it will make the industry more digital. Listen here. Read Article

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Replay of Q1 2020 Manheim Used Vehicle Value Index Call Available 04/07/2020 A replay of the Q1 2020 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of economics and industry insights for Cox Automotive, is available below. Jonathan and Zo were joined by Zach Hallowell, vice president of Manheim Digital along with Dr. Ben Flusberg, associate vice president, M LOGIC, a suite of tools from Manheim that helps our clients… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

Week #3 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 04/07/2020 Watch this video with Chief Economist Jonathan Smoke from his home studio in Atlanta, GA, as he explains the impact of COVID-19 on the automotive industry. Jonathan examines: The latest on COVID-19’s nationwide impact National and state-level employment impacts Consumer sentiment, including car-buying and car-servicing New and used vehicle sales trends Manheim used vehicle values Proprietary insights and outlook from Cox Automotive During this… Read Article

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COVID-19 Ends Spring Bump in Used-Vehicle Values 04/07/2020 ATLANTA (April 7, 2020) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.1% month over month in March. This brought the Manheim Used Vehicle Value Index to 141.9, a 4.4% increase from a year ago. With increases in the weekly Manheim Market Report (MMR) prices starting at the end of February, the early part of March saw the full-fledged impact of… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Spring Bounce Ends Early This Year Due to COVID-19 04/07/2020 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.10% month over month in March. This brought the Manheim Used Vehicle Value Index to 141.9, a 4.4% increase from a year ago. After a start of increases in weekly Manheim Market Report (MMR) prices at the end of February, March saw the full-fledged start of tax refund season, which delivered the biggest weekly… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

COVID-19 Business Updates – Cox Automotive 04/07/2020 This summary of information related to the Cox Automotive response to COVID-19 will be updated regularly as the situation evolves. - COVID-19’s Economic Impact on U.S. Auto Sales April 7, 2020: Cox Automotive’s Chief Economist, Jonathan Smoke, provides continuing coverage of the impact on the automotive industry from his home studio in Atlanta, GA. In this video, Jonathan examines: The latest on COVID-19’s nationwide impact… Read Article

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Cox Automotive’s Zo Rahim Shares His Insight into Retail Automotive Results for March 04/06/2020 CBT News, April 6, 2020 – As part of the continuing coverage of the coronavirus, CBT News is pleased to welcome back Zo Rahim, Manager of Economics and Industry Insights at Cox Automotive. In this segment, Zo and Jim Fitzpatrick discuss monthly sales totals and predictions for the auto retail industry as it works through COVID-19. Watch now. Read Article

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