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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… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

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… Read Article

Cox Automotive Mobility Press Releases

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

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Cox Automotive Forecast: An Upside Surprise Expected for U.S. Auto Sales in Q1 2023 03/28/2023 ATLANTA, March 28, 2023 – Cox Automotive, the world’s largest automotive services and technology provider, forecasts new-vehicle sales volume in Q1 will increase by nearly 6% year over year, reaching 3.5 million units. Sales volume in March, the final month of Q1, is expected to be near 1.30 million, an increase of 2.6% from March 2022. Through Q1, the seasonally adjusted annual rate (SAAR) is forecast at… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Fyusion Cracks the Code on Making Machine Learning Work on Any Mobile Device… and They Just Shared that Code with the World 03/07/2023 SAN FRANCISCO – March 7, 2023 – In the machine learning world, making models run across a variety of mobile phones is notoriously challenging. This is why Fyusion, a visual intelligence company owned by Cox Automotive, has delivered a powerful new open-source library that makes it easy and efficient to run machine learning models on almost any mobile device. Now available on GitHub, this lightweight yet… Read Article

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Cox Automotive Names VP To Spearhead Its Wholesale-to-Retail Inventory Management Efforts 03/02/2023 ATLANTA – March 2, 2023 – Cox Automotive has tapped Derek Hansen as vice president of Operations, Inventory Management Solutions. In this new role, he will advance vAuto’s new Variable Management strategy, supported by its flagship solution ProfitTime® GPS, while continuing to grow Kelley Blue Book® Instant Cash Offer and Upside™—ultimately helping dealers achieve more profitable retail and wholesale outcomes. “Derek’s deep knowledge and experience in wholesale… Read Article

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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… Read Article

Cox Automotive Mobility Press Releases

Cox Automotive Forecast: February New-Vehicle Sales Expected to Increase Year Over Year, Thanks to Improving Inventory, Fleet Sales Gains 02/22/2023 Updated, March 2, 2023 – The Cox Automotive Industry Insights team was expecting the auto market to deliver both year over year and month over month sales increases in February, and initial results indicate the sales gains were there. In fact, results likely beat the Cox Automotive forecast, with the sales pace likely reaching 14.9 million, above our 14.4 million forecast. Volume was near 1.13 million.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Mobility Leads the Way as the Trusted Partner for Fleets 02/21/2023 ATLANTA – Feb. 21, 2023 – As the transportation industry gears up for America Trucking Association’s Annual TMC Meeting, Cox Automotive Mobility is set to further amplify its position as the industry’s leader in fleet services and operations management. One year after introducing the new Cox Automotive Mobility Fleet Services brand at TMC 2022, the company will showcase its advancements in fleet maintenance excellence, highlighted by… Read Article

Cox Automotive Mobility Press Releases

Cox Automotive Presents 18th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship 01/30/2023 ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Beth Beans Gilbert, vice president at Fred Beans Automotive Group, headquartered in Doylestown, Pa. Fred Beans Automotive Group is one of the largest, privately owned automotive groups in Pennsylvania with nearly 1,800 employees and more than $1 billion in annual sales. Named after Barbara Cox, the late co-owner of Cox Enterprises and daughter… Read Article

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Cox Automotive Presents 2023 Leader in Sustainability Award to Mark Miller Subaru 01/30/2023 ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Leader in Sustainability Award to Mark Miller Subaru, a dealership with two locations – Midtown and South Towne – serving communities along the Wasatch Front in north-central Utah and throughout the state. The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership sustainability programs related to waste reduction, energy or water conservation and… Read Article

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Cox Automotive Forecast: Improved Inventory Levels, Higher Fleet Sales Expected to Support Improving January U.S. Auto Sales 01/25/2023 Updated, Feb. 2, 2023 – While January sales reporting is not yet complete, and our team’s analysis of the results won’t be finished until early next week, the month did produce some solid sales reports and signs of market strength. Strong numbers from Hyundai and Kia were the headline, and Honda posted a much-needed year-over-year increase. Other makers reported respectable year-over-year gains, with only Toyota reporting… Read Article

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