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8 min read
U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up
09/06/2024
ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
9 min read
U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious
06/10/2024
ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold. The last time current market sentiment was above…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
7 min read
Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade
05/14/2024
ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering…
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Electric Vehicles
EVs
EV
Press Releases
8 min read
U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes
03/13/2024
ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market index is largely driven by profitability, customer traffic and costs. Of…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
8 min read
Cox Automotive’s Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines
01/31/2024
ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s annual convention. Cox Automotive will be the largest exhibitor at NADA…
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Car Buyer Journey
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1 min read
CDG Podcast: 2024 Car Market Forecast: Shocks and Twists You Need to Know | Jonathan Smoke
10/29/2024
Jonathan Smoke, chief economist at Cox Automotive, joins this Car Dealership Guy Podcast episode to discuss some of the biggest topics shaping the 2024 car market, including shocks and surprises, the painful new phase for the used car market, why new car discounts have plateaued, and the evolving segments of the U.S. car market. Watch the Episode
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News Coverage
1 min read
Used Car Dealer Podcast Episode 66: Digital Advertising, Inventory Strategies and Customer Retention for Used Car Dealers
10/03/2024
In this episode of the Used Car Dealer Podcast, Zach Klempf interviews two special guests from Cox Automotive: Jade Terreberry (senior director, Strategic Planning & Business Development) and Micah Tindor (senior director, Strategic Planning for Kelley Blue Book ICO). They cover a range of topics relevant to today’s used car market, from digital advertising strategies to inventory management and customer retention. Watch the Episode
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News Coverage
1 min read
CDG Podcast: Dealer Tech Expert: How Car Buying is Evolving
07/25/2024
Chase Abbott, vice president of Sales at Cox Automotive, joins this Car Dealership Guy Podcast episode to discuss how car buying is evolving, the future of dealership technology stacks, the #1 killer of car deals and the secret playbook to getting a dealership's attention. Watch the Episode
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News Coverage
1 min read
Vanessa Ton Discusses the Barriers and Opportunities for EV Adoption by Dealers in the U.S.
06/05/2024
CBT News, June 4, 2024 – EV sales in the U.S. market surpassed 1 million units for the first time in 2023, but not everyone is on board just yet. On this episode of CBT Now, host Jim Fitzpatrick discusses the findings of Cox Automotive’s new 2024 Path to EV Adoption Study with Vanessa Ton, Senior Research and Market Intelligence Manager with Cox Automotive. Watch the episode
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News Coverage
Commentary & Voices
1 min read
DAILY DRIVE PODCAST: Cox Automotive Chief Product Officer Marianne Johnson
05/15/2024
Automotive News Daily Drive Podcast, May 13, 2024 – Cox Automotive Chief Product Officer Marianne Johnson joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Johnson discuss how artificial intelligence is reshaping the auto industry. Listen to the episode
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News Coverage
1 min read
Used Car Dealer Podcast Episode 56: Navigating the 2024 Used Car Market with Cox Automotive’s Senior Director Industry Insights
01/22/2024
In this episode of the Used Car Dealer Podcast, Zach Klempf interviews Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive. They delve into the dynamic shifts in the automotive market, focusing on the trends and challenges of 2023, the evolving landscape of used vehicle values, the critical role of data in decision-making within the industry, and 2024 predictions. Watch the episode
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News Coverage
1 min read
Why Do Cars Lose Their Value So Fast
12/19/2023
CNBC, Dec. 16, 2023 – A car loses about 10% of its value as soon as it’s driven off the lot. And within the first three years, that number goes up to 50%. Depreciation — the rate at which that happens — is one of those numbers everyone in the automotive world thinks about, including consumers, automakers and the massive used car market, which made up…
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News Coverage
1 min read
Cox Automotive Reveals Streamlined Portfolio for Effortless Dealership Management | Ken Kraft
11/20/2023
CBT News, Nov. 20, 2023 – Cox Automotive plays a critical role in maintaining the complex network of dealers, manufacturers, and vendors that comprise the modern automotive industry. Not only does the company provide essential services and insights to those in the car business, but it also remains at the forefront of technological innovation and market research, ensuring the sector can continue to evolve and adapt. On…
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News Coverage
Commentary & Voices
1 min read
CarDealershipGuy Podcast: What’s Next for Car Prices and Auto Lending? | Jonathan Smoke, Chief Economist at Cox Automotive
09/20/2023
Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy Podcast to discuss the state of auto lending and what's to come, how interest rates are impacting the car industry, the No. 1 issue for car shoppers right now, the best and worst car deals on the market, what a UAW strike could mean for the auto industry, winners and losers in the EV space and will used-car…
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News Coverage
Smoke on Cars
1 min read
How the United Auto Workers Strike Could Impact Q4 Sales — Jonathan Smoke | Cox Automotive
09/19/2023
CBT News, Sept. 19, 2023 – Encouraging news of improving sales and affordability over the third quarter arrived amidst a backdrop of concern over a possible labor strike as the deadline for United Auto Workers leaders and Detroit-Three car manufacturers to negotiate a contract drew steadily closer. Now, 13,000 employees are staging a walkout at Stellantis, General Motors and Ford plants across the country, threatening not only…
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News Coverage
Smoke on Cars
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