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Connected Data: The engine that powers better results 08/11/2022 The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry. Read Article

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Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory 06/10/2022 ATLANTA, June 10, 2022 – U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment. The current market index peaked at 67 in Q2 2021 and has been trending downward since. Still, at 54, the current market index remains above the positive threshold of 50… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows 04/26/2022 ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online saved time and were more satisfied with their time at the… Read Article

Digital Retailing auto loans eCommerce Press Releases

Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels, According to Cox Automotive Study 01/18/2022 ATLANTA, Jan. 18, 2022 – The 12th annual Cox Automotive Car Buyer Journey Study released today reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic. The latest Car Buyer Journey (CBJ) Study finds that the modest retreat from the record high set in 2020 was due mostly to lack of inventory and… Read Article

Car Buyer Journey Press Releases

Ten Predictions for 2022: Cox Automotive Looks Forward Into the Year Ahead 01/13/2022 During the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, Cox Automotive Chief Economist Jonathan Smoke provided a Q2 update to the Ten Predictions for 2022. ATLANTA, Jan. 13, 2022 – In the early days of 2022, the Cox Automotive Industry Insights team lays out 10 trends that will shape the auto industry in the year ahead. Overall,… Read Article

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Cox Automotive Forecast: July U.S. Auto Sales Drop as Recovery Headwinds Grow 07/27/2022 UPDATED, Aug. 3, 2022 – The Cox Automotive Industry Insights team was forecasting new-vehicle sales in July to trend closely to the results seen in June, as new-vehicle inventory levels are holding steady at approximately 1.1 million units, a days’ supply in the mid-30s. As noted in the forecast release below, “Auto sales are expected to show very little change from June’s results, as a lack… Read Article

Press Releases

Cox Automotive Acquires Trudell, Parent Company of Trudell Trailers and Northeast Great Dane 07/21/2022 ATLANTA (July 21, 2022) – Cox Automotive today announced the acquisition of Trudell, expanding its offering within the medium and heavy-duty fleet parts and service, as well as adding direct parts sales and semi-trailer sales to the Cox Automotive Mobility Fleet Services portfolio. The acquisition represents an entry into a new adjacency for Cox Automotive Mobility Fleet Services that complements its existing best-in-class mobile semi-trailer service operations, and… Read Article

Press Releases

Cox Automotive Retail Solutions President Lori Wittman Announces Leadership Team 07/14/2022 ATLANTA (July 14, 2022) – As Cox Automotive continues its mission to help clients transform our industry, Lori Wittman, President of Cox Automotive Retail Solutions, has made several key changes to her leadership team. Mandi Fang becomes the new Senior Vice President of Client Operations and Tracy Noonan Fred becomes the new Senior Vice President of Dealer Solutions. Both will now report directly to Wittman. Joining Wittman’s… Read Article

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Latest Manheim Used-Vehicle Data Shows Signs of Market Normalcy After Unprecedented Run in 2020 and 2021 07/08/2022 ATLANTA (July 8, 2022) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. This brought the Manheim Used Vehicle Value Index to 219.9, up 9.7% from a year ago. The non-adjusted price change in June decreased 1.8% compared to May. The drop in June left the unadjusted average price up 10.7% year over year, significantly below the… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry 06/28/2022 UPDATED, July 5, 2022 – The Cox Automotive Industry Insights team had expected a year-over-year decline in June auto sales. The actual decline, however, was even greater than expected. Sales last month came in at approximately 1.125 million; the forecast was for 1.2 million. Some declines were particularly notable, with large year-over-year declines at Buick, Honda, Mazda, Nissan and others. The Honda drop was hard to… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory 06/10/2022 ATLANTA, June 10, 2022 – U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment. The current market index peaked at 67 in Q2 2021 and has been trending downward since. Still, at 54, the current market index remains above the positive threshold of 50… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022 05/25/2022 UPDATED, June 2, 2022 – May new-vehicle sales came in lower than the Cox Automotive forecast issued last week. Our team was expecting a year-over-year volume decline of roughly 28%; results indicate a drop of more than 29%. Auto sales in May are traditionally quite strong, spurred in part by the long Memorial Day Weekend. But that was not the case this year. Overall new-vehicle buying… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive’s Upside Delivers a Vibrant Wholesale Marketplace with Advantages for Buyers and Sellers 05/23/2022 ATLANTA, May 23, 2022 – To some dealers, it sounded too good to be true: a vibrant wholesale marketplace that could deliver value on both sides of the transaction. But that’s exactly what Cox Automotive set out to deliver with Upside™. With the first Upside Direct sales attracting strong participation, Cox Automotive is confident in saying that the promise of Upside has become a reality. Upside… Read Article

Press Releases

Cox Automotive Forecast: No Relief in Sight as Slow New-Vehicle Sales Persist in April 04/27/2022 UPDATED, May 3, 2022 – While April sales are still being tallied by our teams, initial projections indicate total sales will come in near 1.2 million, down more than 20% from year-ago levels and very near our forecast released last week. As Cox Automotive Senior Economist Charlie Chesbrough noted earlier, the new-vehicle inventory situation has not materially changed and continues to hold new-vehicle sales in check.… Read Article

new-vehicle sales sales forecast Press Releases

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows 04/26/2022 ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online saved time and were more satisfied with their time at the… Read Article

Digital Retailing auto loans eCommerce Press Releases

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