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Cox Automotive’s Statement on COVID-19 – Summary of Activities 03/27/2020 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

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U.S. Auto Dealers Remain Optimistic About U.S. Economy, Concerned Over Political Climate, Election Season 03/09/2020 ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from Q4’s index score of 47 was not statistically significant. Year over… Read Article

Dealer Sentiment Index Cox Automotive Dealer Sentiment Index CADSI 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

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Younger Generations Could Provide Answer to Dealership Turnover Issue 07/23/2019 ATLANTA, July 23, 2019 – As employee turnover across the U.S. reaches new heights and competition for talent redefines the workforce, dealerships find themselves at the epicenter of the struggle to attract and retain skilled workers. Fortunately, the Cox Automotive 2019 Dealership Staffing Study reveals an optimistic forecast with younger generation showing a greater interest in dealership jobs than older generations. According to the latest study,… Read Article

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Car Buyers Visiting Fewer Dealerships, Making Faster Decisions as Online Engagement Rises 04/15/2019 ATLANTA, April 15, 2019 – According to a new study released today by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019 Cox Automotive Car Buyer Journey study also indicates consumers continue to be frustrated by new-vehicle prices and are more likely than… Read Article

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COVID-19 Business Updates 04/07/2020 This summary of information related to the Cox Automotive response to COVID-19 will be updated regularly as the situation evolves. - COVID-19’s Economic Impact on U.S. Auto Sales April 7, 2020: Cox Automotive’s Chief Economist, Jonathan Smoke, provides continuing coverage of the impact on the automotive industry from his home studio in Atlanta, GA. In this video, Jonathan examines: The latest on COVID-19’s nationwide impact… Read Article

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Cox Automotive’s Zo Rahim Shares His Insight into Retail Automotive Results for March 04/06/2020 As part of the continuing coverage of the coronavirus, CBT News is pleased to welcome back Zo Rahim, Manager of Economics and Industry Insights at Cox Automotive. In this segment, Zo and Jim Fitzpatrick discuss monthly sales totals and predictions for the auto retail industry as it works through COVID-19. Watch now. Read Article

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Podcast: How Car Dealers can Master Digital Retail 04/06/2020 Amid the COVID-19 pandemic, the vehicle showroom has become a virtual one. And car dealers, like many other businesses, are having to shift their business to a mostly digital one. With that in mind, Cox Automotive's Mo Zahabi joins Senior Editor Joe Overby on the Auto Remarketing podcast to discuss his Digital Retailing Best Practices webinar and how dealers can adjust to these changes and thrive… Read Article

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Daily Drive Podcast: Sandy Schwartz Discusses How Cox Automotive is Supporting Clients During COVID-19 Pandemic 03/31/2020 Cox Automotive Chief Executive Officer Sandy Schwartz joins Automotive News Publisher Jason Stein for a daily podcast about the coronavirus crisis. Stein and Schwartz discuss how the virus is impacting and reshaping the automotive industry. Schwartz provides details on how Cox Automotive and its family of brands are supporting clients during the current COVID-19 pandemic. Listen to the podcast. A summary of information related to the Cox Automotive… Read Article

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Manheim Auctions Go Digital-Only Through April 3 03/16/2020 Automotive News, March 16, 2020 – The continued spread of a new coronavirus has prompted Cox Automotive's Manheim to switch all of its auctions to simulcast-only sales. The move is effective Monday and runs through April 3. The auction giant said it will waive related fees during the period. Physical Manheim locations will operate as usual on non-sale days and be open to sellers and buyers.… Read Article

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Cox Survey: Dealers are Upbeat on Spring Sales 03/09/2020 Automotive News, March 9, 2020 – As they reached mid-winter, U.S. dealers answering a quarterly Cox Automotive survey looked forward to a robust spring selling season and were taking on additional employees and investing in technology to further drive sales. But if the survey had been administered just weeks later, as coronavirus concerns spooked Wall Street and threatened consumer confidence, overall scores in the latest Cox Automotive… Read Article

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Why Your Trip to the Auto Repair Shop Should Happen Sooner Than Later 03/06/2020 Detroit Free Press, March 6, 2020 – If you’ve been delaying that car repair, Jenni Newman has some advice: Don’t wait to take your car to the shop. The coronavirus and its growing tally of sick and dead victims around the world have been roiling financial markets, prompting countless hand-washing reminders and ruining more than a few vacations, and that’s before anyone knows exactly how widespread… Read Article

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Impact Surprise Fed Rate Cut Could Leave on Auto Financing 03/03/2020 Auto Remarketing, March 3, 2020 – The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% to 1.25%. Experts at Cox Automotive reacted to the first Fed action outside of regular meetings of the Federal Open… Read Article

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Manheim Celebrates 75th Anniversary, With Eye on Increasingly Digital Future 03/03/2020 Auto Remarketing, March 3, 2020 – In 1945, World War II came to an end, kicking off an era of economic expansion in the United States that would eventually include the auto industry. That same year, a one-lane auto auction opened in southern Pennsylvania. Less than 15 years later, with the auto industry humming along, Manheim Auto Auction was the world’s largest. Having since become an international auction… Read Article

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Nissan Launches New Subscription Program, Leveraging Clutch & Houston Store 02/19/2020 Clutch Technologies recently finalized an integration with one of its fellow companies within the Cox Automotive family along with two other relationships in the vehicle-subscription space. On Wednesday, Nissan announced it’s testing a subscription service model that’s being powered by Clutch. According to a news release, Nissan is launching what it’s called “on-demand driving” through its test of Nissan Switch. The program is rolling out in the… Read Article

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