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U.S. Auto Dealer Sentiment Reaches Record High; Inventory Becomes Top Concern 09/08/2020 ATLANTA, Sept. 8, 2020 – According to the Q3 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market shows significant improvement and has mostly recovered from the historic, pandemic-driven drops in the second quarter. The overall current market index moved into positive territory in Q3 with a score of 56, a 36-point increase from last quarter. The… Read Article

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Cox Automotive’s Statement on COVID-19 – Summary of Activities 08/25/2020 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

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

Press Releases

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Wholesale Prices Begin To Cool 09/17/2020 Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used Vehicle Value Index for September and general information on segment performance for the first 15 days of September. The complete suite of monthly MUVVI data… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Fed Affirms Continued Low Rates, but in the Near Term Consumers Aren’t Seeing Lower Rates 09/16/2020 Today’s Fed announcement was not about current rate levels, which remain near zero, but about expectations for the economy, guidance on rates long term, and elaboration on what it will take to shift away from low rates when the time comes. A key phrase in their announcement was “…the Committee will aim to achieve inflation moderately above 2 percent for some time so that inflation averages… Read Article

Market Insights Smoke on Cars Economy & Trends

Used-Vehicle Supply Stabilizes; Prices Climb 09/16/2020 Used-vehicle prices keep rising while the inventory of unsold used vehicles stabilizes and even slightly improves in contrast to new-vehicle inventory that is falling, according to a Cox Automotive analysis of vAuto Available Inventory data. As of the start of this week, the total U.S. supply of unsold used vehicles stood at 2.23 million, edging slightly up from a month ago when it was 2.20 million… Read Article

Inventory used-vehicle inventory Market Insights Data Point

Week #26 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 09/15/2020 Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

CPO Sales Drop in August, Remain Down 9% Overall 09/15/2020 Sales of certified pre-owned (CPO) vehicles decreased 9% year over year in August and were down 6% month over month compared to July. For August, 238,498 CPO units were sold. CPO sales were on the rise for the past two months. Reflecting huge decreases in March and April and the impact of COVID-19, CPO sales are down 9% year to date versus the same time in… Read Article

CPO certified pre-owned Market Insights Data Point

Dealer Forward Marketing Edition: Shifting Consumer Preferences 09/15/2020 Welcome to Dealer Forward: Reimagining Automotive Retail, a panel discussion that focuses on building resilience in three key auto retail areas – marketing, dealership performance and fixed operations. In this week’s episode, Wayne Pastore, general manager of Dealer.com and vice president of operations for dealer marketing, at Cox Automotive, discusses tactical approaches to embrace shifting consumer preferences with Jeff Ramsey, eCommerce & marketing director at Jones Junction.… Read Article

Market Insights Commentary & Voices

Auto Market Weekly Summary 09/14/2020 The trends for COVID-19 and consumer sentiment are encouraging, but the economy and the jobs recovery seem to have lost momentum from a stronger bounce back this spring and summer. The peak demand phase in the used car market seems to be behind us as August sales softened and prices are starting to come down. High unemployment and the lack of more stimulus will likely lead… Read Article

Market Insights Smoke on Cars Economy & Trends

New-Vehicle Inventory, Especially Luxury, in Freefall 09/10/2020 The supply of new vehicles is in freefall as the inventory of unsold new vehicles fell again in August with luxury inventory plummeting, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold new vehicles stood at 2.26 million units as of Aug. 31, down from 2.33 million at the end of July and down from 3.13 million at… Read Article

Inventory new-vehicle inventory Market Insights Data Point

Week #25 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 09/09/2020 Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

Nikola and General Motors Announce a Strategic Partnership 09/08/2020 Electric vehicle startup Nikola Corp. and General Motors Co. announced that they are forming a strategic partnership that begins with the Nikola Badger and carries cost reductions through the range of Nikola vehicles. As part of the agreement, Nikola will use General Motors’ Ultium battery system and Hydrotec fuel cell technology. Cox Automotive analysts weigh in with their thoughts on this latest move from GM. Michelle… Read Article

Market Insights Commentary & Voices

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