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Auto Dealer Sentiment Drops as COVID-19 and the Economy Severely Impact Business; Franchised Auto Dealers Hold Onto Optimism for the Summer 06/08/2020 ATLANTA, June 8, 2020 – According to the Q2 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is understandably far more negative than in the first quarter. With an index score of 20, the rating presents a clear picture of the devastating impact COVID-19 has had on the auto industry, and the decrease from Q1’s index… Read Article

CADSI Press Releases

Cox Automotive’s Statement on COVID-19 – Summary of Activities 05/01/2020 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

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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Cox Leaders Named to New Roles 07/29/2020 Cox Enterprises has named Steve Rowley as the new president of Cox Automotive, effective Aug. 3. Cox Automotive includes powerhouse brands Autotrader®, Kelley Blue Book®, Dealertrack®, vAuto® and Manheim®. He takes over for President and CEO Sandy Schwartz, who moves to a role as CEO of the Cox Family Office. Keith Holmes, senior vice president of Residential Sales for Cox Communications, will become EVP, Cox Business.… Read Article

Press Releases

Cox Automotive Forecast: Low Inventory, Economic Uncertainty Hold Back July Auto Sales 07/28/2020 ATLANTA, July 28, 2020 – The vehicle market is expected to show modest month-over-month improvement in July, but the growing number of COVID-19 cases and overall economic uncertainty continue to stifle a more robust recovery. According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in July is expected to be 13.3 million, up from last month’s 13.0… Read Article

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Wholesale Used-Vehicle Values Reach Record High 07/08/2020 ATLANTA (July 8, 2020) – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Manheim Market Report (MMR) prices improved over the four full weeks of June, resulting in a 7.1% cumulative… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive Forecast: Auto Sales to Drop 24.2% in First Half of 2020 06/26/2020 ATLANTA, June 26, 2020 – The COVID virus and the resulting economic recession continue to negatively impact the auto industry, but June is expected to be another small step “back to normal.” According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, down significantly from last year’s 17.2 million pace, but up from… Read Article

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Register Now to Attend the Mid-Year Review 06/18/2020 The Cox Automotive Mid-Year Review will be held on Thursday, June 25, at 11 a.m. EDT, a week before the auto industry closes the book on a difficult and wild first half. This 90-minute webinar will be kicked off by Cox Automotive President and CEO Sandy Schwartz who will provide an industry overview and highlight The Way Forward, a collection of new and updated strategies to help the… Read Article

Mid-Year Review Press Releases

Auto Dealer Sentiment Drops as COVID-19 and the Economy Severely Impact Business; Franchised Auto Dealers Hold Onto Optimism for the Summer 06/08/2020 ATLANTA, June 8, 2020 – According to the Q2 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is understandably far more negative than in the first quarter. With an index score of 20, the rating presents a clear picture of the devastating impact COVID-19 has had on the auto industry, and the decrease from Q1’s index… Read Article

CADSI Press Releases

Cox Automotive Forecast: U.S. Auto Sales Begin to Rebound in May as Markets Reopen 05/28/2020 ATLANTA, May 28, 2020 – COVID-19 continues to plague the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery. According to a forecast released by Cox Automotive, new light-vehicle sales volume in May is expected to finish near 1,050,000 units, down 33% compared to last May but up 49% from last month. After incorporating seasonal adjustments,… Read Article

Press Releases

Cox Automotive’s Statement on COVID-19 – Summary of Activities 05/01/2020 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

Press Releases

Cox Automotive Forecast: April U.S. Auto Sales Volume and Pace Likely to Reach Historic Lows 04/27/2020 ATLANTA, April 27, 2020 – Historic lows are expected in April as the full effects of COVID-19 are felt across the U.S. auto market for the entire month. According to a forecast released by Cox Automotive, new light-vehicle sales volume is expected to finish near 620,000 units, down 53% compared to last April and down 37% compared to last month. After incorporating seasonal adjustments, the annual vehicle… Read Article

sales forecast Press Releases

COVID-19 Ends Spring Bump in Used-Vehicle Values 04/07/2020 ATLANTA (April 7, 2020) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.1% month over month in March. This brought the Manheim Used Vehicle Value Index to 141.9, a 4.4% increase from a year ago. With increases in the weekly Manheim Market Report (MMR) prices starting at the end of February, the early part of March saw the full-fledged impact of… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

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