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Retail Auto Sales to Drop Further as Alternatives to Ownership Become More Accessible and Affordable, According to Final Phase of Cox Automotive Evolution of Mobility Study 01/17/2019 ATLANTA, January 17, 2019 – Retail auto sales in the U.S. could drop as much as 29 percent as alternatives to traditional vehicle ownership becomes more accessible and affordable, decreasing the amount of miles consumed by personally owned vehicles. This is the key finding in Phase No. 3 of the Cox Automotive Evolution of Mobility Study, released today. The latest study shows how the cost of… Read Article

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Cox Automotive Dealer Sentiment Index – Fourth Quarter 2018 12/10/2018 Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks dealers to rate new-car sales and used-car sales separately along with a variety of key drivers… Read Article

Dealer Sentiment Index Jonathan Smoke Commentary & Voices Economy & Trends

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Enhanced Manheim Express Mobile App Helps Dealers Make Smarter, Faster Buying Decisions 01/22/2019 ATLANTA, January 22, 2019 – As dealers look for more efficiencies, Manheim continues to invest in its digital marketplace to help them buy and sell vehicles wherever and whenever it makes the most sense for them. At NADA 2019, Manheim will showcase a new addition to the Manheim Express app—an in-app buyer experience that helps dealers quickly and confidently purchase fresh, local inventory. With revolutionary 360-degree… Read Article

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Introducing Pivet: Cox Automotive Mobility Group Unveils New Brand for Industry-First Mobility Fleet Services Network 01/14/2019 ATLANTA, Jan. 14, 2019 – Six months after the formation of a new business unit focused on enabling next-generation transportation, the Cox Automotive Mobility Group unveils a distinct brand to illustrate the division’s integrated solution of forward-looking fleet services. Constructed to include both physical locations and mobile vehicle management solutions, Pivet connects industry-leading Cox Automotive brand Manheim and national mobile car care company RideKleen, as well… Read Article

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Used-Vehicle Wholesale Prices Continue Retreat From Record Highs 01/08/2019 ATLANTA (Jan. 8, 2019) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.03 percent month-over-month in December. This brought the Manheim Used Vehicle Value Index to 137.6, a 4.3 percent increase from a year ago, and down from its record high of 140.9 in October. The Manheim Used Vehicle Value Index (MUVVI) is updated monthly using data from Manheim, North America’s… Read Article

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Cox Automotive Forecast: December U.S. Auto Sales to Finish Strong 12/20/2018 ATLANTA, Dec. 20, 2018 – According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) for new-vehicle sales in December 2018 is estimated to be 17.2 million, down from last month’s 17.4 million level, and down from last year’s 17.3 million pace. Despite the forecasted SAAR declines, healthy December sales are expected to be an exclamation point on what has been… Read Article

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Optimism Shifts to Pessimism: 2019 Outlook Dims for U.S. Auto Dealers 12/10/2018 ATLANTA, Dec. 10, 2018 – According to data from the Q4 2018 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. auto dealers became more negative than positive in describing the current market in the fourth quarter. The current market index fell to 44, down from 51 in the third quarter. Expectations for the next quarter also declined and moved into negative territory for the first… Read Article

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Auto Sales Expected to Maintain Strong Pace in November 11/28/2018 ATLANTA, Nov. 28, 2018 – According to a forecast released today by Cox Automotive, the new-vehicle sales pace in November is expected to be 17.1 million units, a decrease from October’s strong 17.5 million level, but on pace with the market’s 2018 overall average. “The market continues to outperform our earlier forecast with expected headwinds being offset by other market factors,” said Charlie Chesbrough, senior economist… Read Article

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Cox Automotive Names Sid Nair as Chief Sales Officer 11/27/2018 ATLANTA, Nov. 27, 2018 – Sid Nair is joining Cox Automotive as chief sales officer effective today, reporting to President Sandy Schwartz. In his new role, Nair will oversee the entire Cox Automotive sales operation and marketing in the U.S. The sales and marketing team comprises nearly 2,500 team members serving clients from offices throughout the U.S. including main offices in Atlanta, Burlington, Vt.; Irvine, Calif.;… Read Article

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Cox Automotive Recognizes Joe Rodi of Chase Auto with Community Impact Award 11/16/2018 #RallywithRodi campaign raises $60,000 and awareness to fight prostate cancer ATLANTA, Nov. 16, 2018 – Cox Automotive presented its 2018 Community Impact Award to Joe Rodi, national auction manager, Chase Auto, at the 2018 National Remarketing Conference/NAAA Convention during an awards luncheon on November 15. This annual award is sponsored by Manheim, a Cox Automotive brand. Presented by Julie Picard, regional vice president for Manheim’s West… Read Article

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October Auto Sales Expected to Slow from Strong September Pace 10/26/2018 ATLANTA, Oct. 26, 2018 – According to a forecast released today by Cox Automotive, the new-car sales pace in October is expected to fall to 17.1 million units, a decrease from September’s robust 17.4 million level. Sales in October are forecast to remain consistent with the market’s 2018 overall average. Although there is one more selling day in October versus last year, total sales volume is… Read Article

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New Survey of U.S. Auto Dealers Predicts New Forms of Mobility to Drive Declines in Personal Vehicle Ownership, Number of Dealerships 10/22/2018 ATLANTA, Oct. 22, 2018 – Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership than consumers1 in the next five years (28 percent versus 18 percent). However, while most of the dealers surveyed recognize this eventual… Read Article

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