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5 min read
U.S. Automobile Dealers Find Optimism in Declining COVID-19 Cases, Vaccine Availability
03/08/2021
ATLANTA, March 8, 2021 – With COVID-19 case trends declining and vaccination rates increasing, U.S. automobile dealers are mostly optimistic about the automobile market in the coming 90 days, according to the latest Cox Automotive Dealer Sentiment Index (CADSI) released today. The 90-day outlook index jumped 11 points to 59, the highest level since the onset of the global pandemic, indicating automobile dealers in the U.S. believe the…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
6 min read
Cox Automotive Study Finds Car Buying Process Improved During COVID-19 Pandemic
02/23/2021
ATLANTA, Feb. 23, 2021 – Cox Automotive today released its 11th annual Car Buyer Journey Study. The extensive study is based on a survey of consumers who bought or leased a new or used vehicle and is designed to offer a detailed look at the vehicle buying process in America, from start to finish. While the global COVID-19 pandemic has negatively impacted nearly every measure of…
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Car Buyer Journey
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…
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Press Releases
7 min read
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…
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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…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
VAI
vehicle affordability
Press Releases
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Market Insights
News Coverage
1 min read
DAILY DRIVE PODCAST: Forecast: A mostly sunny spring for the industry
04/01/2021
Automotive News, April 1, 2021 – Daily Drive is a daily podcast that provides updates during the coronavirus outbreak. Automotive News Publisher Jason Stein speaks with industry experts, insiders and Automotive News reporters about how the coronavirus outbreak is impacting and reshaping the automotive industry. Cox Automotive Chief Economist Jonathan Smoke predicts there will be few April showers and plenty of May flowers for the industry…
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News Coverage
1 min read
Dealer Advantage: How to Offer Flexibility to Car Shoppers and Maximize Profits
03/31/2021
CBT News, March 31, 2021 – In the premiere episode of the ‘Dealer Advantage’ series, Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive and Kevin Frye, marketing director for Jeff Wyler Automotive Family, discuss what dealers are doing to successfully implement digital platforms and create the optimal car buying experience. Watch Episode 1. Find out more information on digital retailing solutions from Cox Automotive.
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News Coverage
1 min read
Fast Talk: New Car Sales Trends & Tips with Brian Finkelmeyer, Senior Director of New Car Solutions at Cox Automotive
03/23/2021
Dealer News Today, March 23, 2021 – Today’s guest is Briann Finkelmeyer, senior director of New Car Solutions at Cox Automotive. Brian worked for 20 years on the OEM side of the industry and has since been involved with automotive tech developments and trends at Cox Automotive. His background makes him uniquely qualified to talk about new trends in the automotive industry. He joins Derek D…
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News Coverage
1 min read
Cox Automotive Chief Economist Jonathan Smoke Shares Insight From the Latest Dealer Sentiment Index
03/17/2021
The Cox Automotive Dealer Sentiment Index for the first quarter of 2021 was recently published, showcasing how dealers feel about the current state of the automotive market. CBT News host Jim Fitzpatrick is joined by Jonathan Smoke, chief economist for Cox Automotive. Smoke joins the show to break down key findings from the index and provide some clarity on the future of the market. Smoke begins the conversation…
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News Coverage
1 min read
What the Latest Cox Automotive Insights Reveal About Consumer Perception – Michelle Krebs & Vanessa Ton
02/18/2021
CBT News, Feb. 19, 2021 – Cox Automotive recently published the Kelley Blue Book Brand Watch Reports on the luxury and non-luxury segments. The study covers both luxury and non-luxury segments. Today on CBT News, Michelle Krebs and Vanessa Ton join the show to discuss findings from the report. Krebs is the executive analyst for Autotrader and Vanessa Ton is senior research manager for Cox Automotive.…
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News Coverage
1 min read
What Dale Pollak Would Have Said on the Show Floor
02/09/2021
Automotive News, Feb. 9, 2021 – Buick dealer Len Pollak had a rule for his four sons in the 1960s: No going to the NADA convention until you're 10. That left Dale Pollak, the youngest, in an annual state of humiliation. Not only did he have to watch his brothers take off without him, he had to endure their taunts as they called home to Gary,…
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News Coverage
1 min read
DAILY DRIVE PODCAST: Cox Automotive’s Steve Rowley: ‘The future is bright for us’
01/29/2021
Join Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. He speaks with industry experts, insiders and Automotive News reporters about how the virus is impacting and reshaping the automotive industry. The new Cox Automotive President Steve Rowley sees growth opportunities for the dealership services giant in digital retailing and areas such as mobility and electrification. Rowley is also looking to accelerate innovation…
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News Coverage
1 min read
Pandemic Sharpens Split Between Have and Have-Not Car Buyers
01/06/2021
Bloomberg, Jan. 6, 2021 – Pandemic lockdowns have cost millions oflow-income Americans their jobs, while white-collar types whowork from home are flush with cash they can’t spend on dining ortravel. Instead, many of them are buying expensive cars.High-end trucks and sport utility vehicles are flying offdealer lots, but sales of entry-level compact cars andcrossovers remain depressed. General Motors Co.’s premium peoplehaulers like the Chevrolet Tahoe and…
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News Coverage
1 min read
The Coronavirus Holds Down Auto Sales, But It’s Still A Seller’s Market
12/22/2020
Forbes, Dec. 22, 2020 – The deadly coronavirus pandemic continues to cast a shadow on the U.S. economy and auto sales, probably through at least the first half of 2021, until vaccines become more widely available, according to a forecast from Cox Automotive. “We are starting to think things look a little bit tougher for the vehicle market,” said Charlie Chesbrough, Cox Automotive senior economist, in…
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News Coverage
1 min read
What the Auto Industry Can Expect From Year-End Sales in 2020 – Brian Finkelmeyer
12/18/2020
What can the industry expect through the end of the year? Brian Finkelmeyer, senior director of new car solutions at Cox Automotive, joins Jim Fitzpatrick on CBT News to answer that question. Finkelmeyer recently published an article in the Cox Automotive Newsroom titled Everything About 2020 Is Different, Including Year-End Deals, where he explores how December 2020 will look different from previous years. Finkelmeyer begins the conversation…
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News Coverage
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