Newsroom | Cox Automotive

A Tale of Two Realities: Franchised and Independent Dealers See Two Different Auto Markets, Latest Cox Automotive Study Finds 09/16/2019 ATLANTA, Sept. 16, 2019 – According to the Q3 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers view the current market as negative, with an index score of 48. The slight decrease from Q2’s score of 49 was not statistically significant. The index reading of 48 indicates that slightly more dealers feel that the current market is weak compared to the number… Read Article

Dealer Sentiment Index Jonathan Smoke Press Releases

Younger Generations Could Provide Answer to Dealership Turnover Issue 07/23/2019 ATLANTA, July 23, 2019 – As employee turnover across the U.S. reaches new heights and competition for talent redefines the workforce, dealerships find themselves at the epicenter of the struggle to attract and retain skilled workers. Fortunately, the Cox Automotive 2019 Dealership Staffing Study reveals an optimistic forecast with younger generation showing a greater interest in dealership jobs than older generations. According to the latest study,… Read Article

Press Releases

Car Buyers Visiting Fewer Dealerships, Making Faster Decisions as Online Engagement Rises 04/15/2019 ATLANTA, April 15, 2019 – According to a new study released today by Cox Automotive, budget-minded, time-strapped, tech-savvy U.S. car buyers are spending a higher percentage of their shopping time online and less total time in market as they hunt for their perfect ride. The 2019 Cox Automotive Car Buyer Journey study also indicates consumers continue to be frustrated by new-vehicle prices and are more likely than… Read Article

Press Releases

Head of the Class: Ford, Mercedes-Benz Named Valedictorians in New Retail Brand Scorecards Study 01/24/2019 SAN FRANCISCO, Jan. 24, 2019 – As auto dealers from across the country gather in San Francisco for the annual NADA convention, top honors were given to Ford and Mercedes-Benz in the non-luxury and luxury categories, respectively, in a new study released today. The comprehensive study measures and compares core brand attributes that most impact dealer performance. The Retail Brand Scorecards are compiled by Cox Automotive… Read Article

Press Releases

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

Press Releases

All Press Releases Market Insights News Coverage

A Tale of Two Realities: Franchised and Independent Dealers See Two Different Auto Markets, Latest Cox Automotive Study Finds 09/16/2019 ATLANTA, Sept. 16, 2019 – According to the Q3 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers view the current market as negative, with an index score of 48. The slight decrease from Q2’s score of 49 was not statistically significant. The index reading of 48 indicates that slightly more dealers feel that the current market is weak compared to the number… Read Article

Dealer Sentiment Index Jonathan Smoke Press Releases

Rivian Announces $350 Million Investment from Cox Automotive 09/10/2019 PLYMOUTH, Mich., Sept. 10, 2019 – Rivian today announced an equity investment of $350 million from global automotive services company Cox Automotive. In addition to the investment, the companies will explore partnership opportunities in digital retailing, service operations and logistics. “We are building a Rivian ownership experience that matches the care and consideration that go into our vehicles,” said RJ Scaringe, founder and CEO of Rivian.… Read Article

Press Releases

Cox Automotive Rates & Incentives Now Delivers Data Faster, With Better Accuracy Than Ever 09/10/2019 Atlanta, GA. - September 10, 2019 – With new-vehicle sales declining, it’s more important than ever that dealers seize the opportunity to close every deal. To do so means providing a flexible, customer-friendly car buying experience, which in today’s automotive market, requires dealers to source up-to-the-minute information across industry channels. Recognizing this challenge and in an effort to give dealers and OEMs the best data possible,… Read Article

Press Releases

Cox Automotive Forecast: U.S. Auto Sales Pace Expected To Fall For Third Straight Month 08/28/2019 ATLANTA, Aug. 28, 2019 – Cox Automotive is forecasting U.S. new-vehicle sales volume in August to finish at 1.59 million, up 6.5% from last year, or an increase of nearly 100,000 units. The seasonally adjusted annual rate (SAAR), however, is expected to drop to 16.5 million, below July’s 16.8 million level, and down from August 2018’s strong pace of 16.9 million. Charlie Chesbrough, senior economist with Cox… Read Article

Press Releases

Overcoming Electric Vehicle Misconceptions is Crucial to Converting Consideration to Sales 08/19/2019 ATLANTA, Aug. 19, 2019 – Dealers and automakers are in the driver’s seat when it comes to laying a positive foundation for the nearly 100 new electrified models scheduled to arrive in the U.S. market in the next few years. However, without collaboration between the two groups, clearing up the common misconceptions facing electric vehicles (EV) could delay widespread adoption, according to the Cox Automotive Evolution… Read Article

Press Releases

Ready or Not, Mobility Is Transforming the Automotive Industry 08/12/2019 ATLANTA, Aug. 12, 2019 – The Cox Automotive Mobility Group white paper entitled Ready or Not, Mobility Is Transforming the Automotive Industry shares industry-leading research and insights on how dealers can capitalize on a variety of new mobility services, such as vehicle subscriptions, providing an avenue to expand and diversify recurring revenue sources at their dealership. The authoritative white paper covers a variety of topics related… Read Article

Press Releases

Cox Automotive Forecast: U.S. Auto Sales Pace Expected to Fall from June Level 07/26/2019 ATLANTA, July 26, 2019 – Cox Automotive is forecasting July U.S. auto sales volume to finish at 1.38 million, rising 0.5% from last year, or about 7,000 units. The seasonally adjusted annual rate (SAAR) is expected to drop to 16.6 million, below June’s 17.3 million level, and down slightly from July 2018’s 16.7 million pace. July 2019 has 25 selling days, one more than last July,… Read Article

Press Releases

Cox Automotive Promotes Tim McKinley to Chief Sales Officer 07/16/2019 ATLANTA, July 16, 2019 – Tim McKinley has been promoted to chief sales officer (CSO) for Cox Automotive, reporting to President Sandy Schwartz, from his position as senior vice president of sales for Manheim, a Cox Automotive brand. McKinley replaces Sid Nair who is returning to Texas for a new opportunity. As CSO, McKinley will oversee the entire Cox Automotive sales operation and marketing in the… Read Article

Press Releases

Eddie Hall III Receives Cox Automotive and NAMAD Rising Star Award 07/12/2019 ATLANTA, July 12, 2019 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to Eddie Hall III, general manager at The Hall Automotive Group in Royal Oak, Michigan. Hall was chosen based on nomination criteria, including being a NAMAD member in good standing under the age of 40 who has demonstrated a substantial commitment and contribution to… Read Article

Press Releases

Used-Vehicle Values Hold Steady as Demand Remains Strong 07/08/2019 ATLANTA, July 8, 2019 – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.61% month-over-month in June. This brought the Manheim Used Vehicle Value Index to 140.5, a 4.1% increase from a year ago. After seeing steady and slightly lower than normal depreciation in weekly Manheim Market Report (MMR) prices in May, prices remained firm or slightly higher each week in June. Three-year-old… Read Article

Press Releases

Follow us on Twitter