Newsroom | Cox Automotive

After Historic Turnaround in Q3, U.S. Auto Dealer Current Market Sentiment Fades in Q4 12/14/2020 ATLANTA, Dec. 14, 2020 – U.S. automobile dealer sentiment dropped in Q4 returning to its pre-pandemic levels, according to the latest Cox Automotive Dealer Sentiment Index (CADSI). The overall current market index dropped below 50 into negative territory with a score of 49, a statistically significant 7-point decrease from last quarter’s 56. Year over year, the current market index was up by 2 points. The Q4… Read Article

Press Releases

4 min read

Cox Automotive and Moody’s Analytics Launch Vehicle Affordability Index 11/17/2020 ATLANTA, Nov. 17, 2020 – Cox Automotive and Moody’s Analytics are launching today the Vehicle Affordability Index that quantifies price movements in the new vehicle market in relation to the spending power of the U.S. consumer. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) will be updated monthly using the latest data from government and industry sources, including key pricing data from Kelley Blue Book, a… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Press Releases

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Cox Automotive Mobility White Paper Explores Post-COVID-19 EV Market 09/21/2020 ATLANTA, Sept. 21, 2020 – While the electric vehicle (EV) market will take a hit in 2020, it will be more of a stall out than a vanishing act. Electric adoption is inevitable, but its pace is a big question. The latest white paper from Cox Automotive Mobility, titled “COVID-19 Recovery: Speed Bump or Accelerant for the EV Market?,” addresses the tailwinds, headwinds and whirlwinds impacting the… Read Article

Press Releases

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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

7 min read

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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Week #44 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 01/26/2021 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

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NADA 2021/AFSA 2021 Newsroom 01/26/2021 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 ContactAnnouncementAssetsJan. 26/9 a.m.VinSolutionsLisa AlosioVinSolutions Introduces Its Automotive Marketing Platform to Help Dealers Take Charge of Their Campaigns LinkJan. 26/8 a.m.VinSolutionsLisa AloisioVinSolutions’ Virtual Assistant Vinessa Uses AI to Help Salespeople Pursue and Convert More Leads In A Tight Market LinkJan. 25/8 a.m.vAutoLisa… Read Article

Press Releases

4 min read

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

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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

4 min read

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

5 min read

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

4 min read

Auto Market Weekly Summary 01/25/2021 The downward trend in new daily COVID-19 cases continues. Hospitalizations and deaths are on the decline as well. The pandemic risk remains at the highest level for much of the country, but conditions should improve as the month ends. On the economic side, joblessness remains high but is not continuing to rise, consumer sentiment rose significantly, and used-vehicle sales and values are climbing. Joblessness high: Jobless… Read Article

Market Insights Smoke on Cars Economy & Trends

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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

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Consumer Snapshot: Electric Pickup Trucks 01/22/2021 A whopping 2.9 million pickups were sold in the U.S. last year, making up roughly 20% of the entire auto market. While electric vehicles (EV) receive significant consumer and media attention, they remain a very small portion of new-vehicle sales each month. That may well change, though, as a new breed of full-size EV pickups enters the stage. Cox Automotive is interested in this intersection of… Read Article

Market Insights Data Point

3 min read

Used-Vehicle Supply Rises, Prices Reach All-Time High 01/21/2021 Used-vehicle inventory and prices climbed throughout December, with the average list price smashing another record, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.68M Total Unsold Used Vehicles as of Dec. 1 55 Days' Supply $22,087 Average Listing Price 66,387 Average Miles The total U.S. supply of unsold used vehicles closed December 2020 at 2.68 million vehicles, up from 2.61 million at the… Read Article

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