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6 min read
Cox Automotive Dealer Sentiment Index: Strong U.S. Auto Market Performance Expected in Q2
03/09/2023
ATLANTA, March 9, 2023 – U.S. automobile dealer sentiment in the first quarter of 2023 was little changed from the level recorded in Q4 2022 and remains at the lowest level since the height of the global 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 more dealers view the current auto…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
3 min read
Cox Automotive Acquires FleetNet America
02/28/2023
ATLANTA (Feb. 28, 2023) – Driven to keep the world’s fleets moving efficiently, safely and sustainability, Cox Automotive today announced the acquisition of fleet industry leader FleetNet America®. With the acquisition, Cox Automotive Mobility and FleetNet are creating the foundation that will transform operating a fleet, where every vehicle, and every service is connected. “The market leadership that comes with this joining of our two companies is unmatched in…
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Cox Automotive Mobility
Press Releases
9 min read
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…
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Car Buyer Journey
Press Releases
11 min read
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…
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Press Releases
7 min read
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…
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1 min read
Vehicle Shortages Explained, Car Price Predictions & That Time CDG Bought 50 Chevys — Jonathan Smoke
05/12/2023
CarDealershipGuy Podcast, May 12, 2023 — Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy for a wide-ranging discussion on the automotive industry covering inventory, pricing and how the pandemic has permanently transformed the industry and more. Here's the rundown: Intro (00:51) Our unique market environment (04:12) Jonathan's background (08:45) The Great Digitization (11:46) That time CDG bought 50 Chevys at auction (13:40) Are we in a…
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News Coverage
Smoke on Cars
1 min read
Affordability, EVs, and Digital Retailing: Q1 Performance Sheds New Light on Old Topics – Brian Finklemeyer
04/26/2023
CBT News, April 26, 2023 – As the industry adapts to an unfamiliar automotive landscape, what new challenges will dealers need to face? On this episode of Inside Automotive, Brian Finkelmeyer, senior director of new car solutions at Cox Automotive, joins anchor Jim Fitzpatrick to discuss the most important takeaways from the last three months of automotive retail performance and what they signal for the future.…
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News Coverage
1 min read
Where Do EV Batteries Go When They Die?
03/29/2023
CNBC, March 26, 2023 – Over 300 million electric vehicles are expected to be on the world’s roads by 2030, according to the International Energy Agency. By 2050, the National Renewable Energy Laboratory expects the demand for graphite, lithium and cobalt, all critical minerals in EV batteries, to increase by 500%. It estimates that the lifetime of an EV battery is around 12 to 15 years…
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News Coverage
1 min read
Meet Dealer Beth Beans Gilbert: The 2023 Barbara Cox Woman of the Year
03/22/2023
CBT News, March 22, 2023 – Beth Beans Gilbert, vice president of the Fred Beans Automotive Group, received the 2023 Barbara Cox Woman of the Year Award from Cox Automotive earlier this year. Ken Kraft, chief marketing officer of Cox Automotive, and recipient Beth Beans Gilbert discuss the accolade on today’s Inside Automotive. Watch the Episode.
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News Coverage
1 min read
Used Car Dealer Podcast Episode 48: Interview with Dale Pollak, vAuto Founder and EVP at Cox Automotive
03/13/2023
In this Used Car Dealer Podcast episode, Zach Klempf interviews Dale Pollak, Founder, vAuto and EVP, Cox Automotive. Dale discusses trends in the used vehicle market, as well as why now is the time for dealers to move from Velocity to Variable Management. He also touches on how vAuto’s ProfitTime GPS helps dealers implement a variable inventory management strategy. Watch the Episode.
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Inventory
used-car inventory
ProfitTime
News Coverage
1 min read
E-commerce Platform for 100% Online Car Buying
02/13/2023
The Business News, Feb. 13, 2023 – In this article, Chief Operating Officer Adam Gaedke at Van Horn Automotive Group explains how the dealership has gone above and beyond to embrace e-commerce. He highlights how the 57-year-old automotive group has been “ahead of the curve“ by being one of the first to put vehicles on the internet back in 2006. Now, Van Horn has introduced CloudLot…
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News Coverage
1 min read
Commentary: What May Lie Ahead for Wholesale Automotive
02/10/2023
Auto Remarketing, Feb. 10, 2023 – Grace Huang, president of Cox Automotive Inventory Solutions, writes in an opinion piece about three key areas that she believes offer the greatest opportunity for the wholesale industry to prepare for what lies ahead. These three areas include: Vehicle Information Actionable Data for Decision Making Transportation and Logistics Read the article.
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News Coverage
1 min read
Cox Automotive Continues to Push the Boundaries of New Technology — Marianne Johnson
02/07/2023
Cox Automotive is committed to enhancing its products to facilitate faster vehicle transactions and provide consumers with a seamless online-to-offline experience. At this year’s NADA Show, CBT News anchor Jim Fitzpatrick sat down with Marianne Johnson, Chief Product Officer at Cox Automotive, to talk about the company’s innovative plans moving forward. Key takeaways: 1. Johnson oversees integrating all products, technology, and data science into a single organization, enabling her to…
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News Coverage
1 min read
DAILY DRIVE PODCAST: Cox Automotive Chief Economist Jonathan Smoke
01/30/2023
Automotive News Daily Drive Podcast, Jan. 30, 2023 – Cox Automotive Chief Economist Jonathan Smoke joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Smoke discuss the economic headwinds ahead in 2023. Renault and Nissan agree on a framework to rebalance their alliance. And the EV price wars are on. Listen to the Episode.
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News Coverage
1 min read
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.
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