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Cox Automotive Makes Bold Move with Subscription Services September 12, 2018 CBT Automotive is speaking today with Cox Automotive members: Joe George, president of Mobility Solutions, David Liniado, vice president of New Growth and Development, and Vince Zappa, president of Clutch Technologies to discuss the future of the automotive industry, and find out what consumers really want. Cox Automotive is expanding their business model to include a new branch of the automotive industry, vehicle subscription services. By acquiring… Read Article

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Optimism Shifts to Pessimism: 2019 Outlook Dims for U.S. Auto Dealers December 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

Press Releases

Auto Sales Expected to Maintain Strong Pace in November November 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

Press Releases

Cox Automotive Names Sid Nair as Chief Sales Officer November 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 November 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

Press Releases

October Auto Sales Expected to Slow from Strong September Pace October 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

Press Releases

New Survey of U.S. Auto Dealers Predicts New Forms of Mobility to Drive Declines in Personal Vehicle Ownership, Number of Dealerships October 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

Mobility Evolution of Mobility Press Releases

Used-Vehicle Values Set New Record for Third Straight Month October 5, 2018 ATLANTA, Oct. 5, 2018 - Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased slightly – 0.14 percent – month-over-month in September. This brought the Manheim Used Vehicle Value Index to 139.9, which was a 3.7 percent increase from a year ago and a record high for the Index. Looking at trends in weekly Manheim Market Report (MMR) prices, the abnormal summer bounce… Read Article

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Honda joins GM & Cruise in Self-Driving Vehicle Program October 3, 2018 Today General Motors and Cruise, its self-driving car division, announced plans to work with Honda to develop and manufacture purpose-built autonomous vehicles. While no specific timeline for an on-the-road vehicle was provided, the partnership should prove to be a force in the pursuit of the future of mobility. Michelle Krebs, Brian Moody and Zohaib Rahim weigh in on this development and what it means for automakers… Read Article

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September Auto Sales Forecast to Decline 7.2 Percent From Year-Ago Levels September 26, 2018 ATLANTA, Sept. 26, 2018 – New-vehicle sales pace in September is forecast by Cox Automotive to rise to 17.1 million units, an improvement over August’s 16.6 million sales rate. This gain, however, may be slightly misleading. Total sales volume in September is forecast to decline nearly 60,000 units from last month and nearly 100,000 units compared to September 2017. “Year-over-year comparisons are challenging this September, as… Read Article

Press Releases

Majority of New-Car Dealers Agree: Import Tariffs are Bad for Business September 10, 2018 ATLANTA, Sept. 10, 2018 – According to data from the Q3 2018 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers are more positive than negative in describing the current market in the third quarter but are fearful that proposed auto tariffs could hurt profitability. Only 11 percent of dealers believe auto tariffs on imported vehicles and parts would have a positive impact on their… Read Article

Cox Automotive Dealer Sentiment Index Press Releases