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Cox Automotive’s Car Buyer Journey Study Shows Growing Frustration with Car Buying Process 01/18/2023 ATLANTA, Jan. 18, 2023 – New research released today by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year. The 2022 Car Buyer Journey Study reveals vehicle buyers were frustrated with high prices, limited availability, and the amount of time required to complete the process. Used-vehicle buyers, who are often more price sensitive and face higher interest… Read Article

Car Buyer Journey Press Releases

Cox Automotive Leads the Way to NADA 2023 with New Solutions for Retail, Inventory and EV Readiness 01/18/2023 ATLANTA, Jan. 18, 2023 – When the National Automobile Dealers Association’s annual gathering gets underway later this month, Cox Automotive will be showcasing a collection of new services and solutions to help the industry cope with a slowing market and consumers increasingly expecting a more digital, connected vehicle-buying experience. Cox Automotive, the world’s largest automotive services and solutions provider, will be the largest exhibitor at the… Read Article

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As the Clock Winds Down on a Year Steered by Tight Inventory and Rising Loan Rates, Cox Automotive Offers 10 Predictions for 2023 12/19/2022 ATLANTA, Dec. 19, 2022 – With the start of the New Year just weeks away, the Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market in 2023. By nearly all measures, 2022 was a difficult year for both the industry and the consumer, marked by historically low new-vehicle inventories, high prices, and stubborn inflation chipping away at monthly budgets. A relatively strong… Read Article

Press Releases

Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness in Q4, Driven by the Economy and High Interest Rates; Market Outlook Lowest in Survey History 12/07/2022 ATLANTA, Dec. 7, 2022 – U.S. automobile dealer sentiment in the fourth quarter of 2022 dropped to the lowest level since the start of the COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below the threshold of 50, indicating that more dealers view the current auto market as weak than strong. The index is down 6 points quarter… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Mobility and Spiers New Technologies Expand Global EV Battery Service Network 08/30/2022 ATLANTA, Aug. 30, 2022 – Focused on management and innovation within the entire EV battery lifecycle, Cox Automotive Mobility and Spiers New Technologies today announced the expansion of its global EV battery service center network with new facilities in Belleville, Mich., a suburb of Detroit, and Las Vegas. Cox Automotive Mobility in collaboration with Spiers New Technologies also operates end-to-end EV battery service centers in Oklahoma City,… Read Article

Electric Vehicles EVs Press Releases

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Commentary: How Variable Management Helps Cure a Used-Vehicle Hangover 01/09/2023 Auto Remarketing, Jan. 9. 2023 – Dale Pollak, founder of vAuto and executive vice president of Cox Automotive, writes in an opinion piece about how dealers have a "hangover problem" where they have overindulged while times were great. In this article, Pollak offers a hangover cure in the form of a new method to manage used-vehicle inventory, called variable management. Read the Article. Read Article

Inventory News Coverage Commentary & Voices

A Breakdown of U.S. Auto Industry Performance in October with Charlie Chesbrough 11/16/2022 CBT News, Nov. 16, 2022 – New-vehicle sales volume has been stuck around the 1.1 million mark for several months. On today’s Inside Automotive, Charlie Chesbrough, senior economist and senior director of industry automotive of Cox Automotive, shares his take on how the U.S auto industry fared in October of 2022. “The October sales were a bit of a pleasant surprise, they held up really well, and… Read Article

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Podcast: Dana Lowenthal and Patrick Brennan of Cox Automotive Inventory Solutions 09/09/2022 Auto Marketing, Sept. 9, 2022 – During the NAAA annual convention, Cherokee Media Group senior editor Joe Overby shared a conversation with two executives from Cox Automotive Inventory Solutions — Dana Lowenthal and Patrick Brennan. Among other topics, they discussed how dealers are leveraging auctions today, whether they’re still walking the lanes or going online to find the inventory they need. Listen to the Episode. Read Article

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Will Economic Headwinds Make a Dent in Dealer Profitability? Charlie Chesbrough Explains. 07/25/2022 CBT News, July 25, 2022 – As the automotive retail industry settles into the third quarter, analysts are reviewing mid-year sales data and updating their forecasts for the remainder of 2022. Today on Inside Automotive, Jim Fitzpatrick is pleased to welcome back Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive to break down key data points from the first half of the… Read Article

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Chief Economist Jonathan Smoke Breaks Down Findings from Cox Automotive’s Q2 Dealer Sentiment Index 06/15/2022 CBT News, June 15, 2022 – Cox Automotive recently released its Q2 Dealer Sentiment Index, which provides a current view of dealer sentiment and looks ahead to the next 90 days. The study reveals that COVID concerns are mostly in the past, but inflation, high costs, and low inventory continue to challenge dealers. Jim Fitzpatrick on Inside Automotive is joined by Jonathan Smoke, Chief Economist at Cox… Read Article

News Coverage Smoke on Cars

Q1 2022 Kelley Blue Book Brand Watch Report Results with Senior Research Manager Vanessa Ton 05/23/2022 CBT News, May 23, 2022 – Recently, Cox Automotive published the Q1 Kelley Blue Book Brand Watch Report, covering the non-luxury, luxury, and electrified segments. Joining anchor Jim Fitzpatrick on this edition of Inside Automotive is Vanessa Ton, Senior Research Manager at Cox Automotive, who discusses the study and some of its key findings. Watch the Interview. Read Article

Kelley Blue Book Brand Watch News Coverage

Used Car Dealer Podcast Episode 37: Interview with Randy Kobat, Vice President of Inventory Management Solutions at Cox Automotive 04/19/2022 In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car dealers, as well as general discussion around inventory management. He also touches on the Cox Automotive Ten Predictions for 2022. Watch this Episode. Listen to the… Read Article

Inventory used-car inventory News Coverage

Podcast: Digital Retail with Lori Wittman & Paulo de Silva of Cox Automotive 03/21/2022 Auto Remarketing Podcast, March 21, 2022 – Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company's Esntial Commerce platform and their work providing digital retail solutions to dealers. In related news, the Titus-Will Automotive Group said Monday that it has launched… Read Article

Digital Retailing Esntial Commerce News Coverage

Podcast: The Intersection of EVs & Auto Auctions 03/17/2022 Auto Remarketing Podcast, March 17, 2022 – Next up on our NADA Show podcast series, Cox Automotive Mobility president Joe George and Manheim president Grace Huang sit down with Auto Remarketing senior editor Joe Overby to discuss how electric vehicles — one of the most popular topics at the convention in Las Vegas — and auto auctions intersect. They look at how Cox is preparing for an EV future,… Read Article

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Cox Automotive’s Grace Huang and Brad Burns on Improving the Digital Wholesale Buying Process for Auto Dealers 03/16/2022 CBT News, March 16, 2022 – At this year’s NADA Show in Las Vegas, CBT News anchor Jim Fitzpatrick had a chance to speak with Grace Huang, President of Inventory Solutions Group at Cox Automotive, and Brad Burns, AVP of Vehicle Information at Manheim. What they cover: How Manheim and Fyusion are making the digital wholesale buying experience better and easierThe vital importance of inventory condition reports and imagingManheim’s… Read Article

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