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Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness Driven by Inflation, Economic Anxiety, and Tight Inventory; Market Outlook Hits Record Low 09/08/2022 ATLANTA, Sept. 8, 2022 – U.S. automobile dealer sentiment in Q3 2022 reflects that more dealers view the current market as weak than strong. Now, at 49, the current market index is below the threshold of 50 in the Cox Automotive Dealer Sentiment Index (CADSI), marking the fifth quarter-over-quarter decline in overall market sentiment. The index is down five points from Q2 and down 13 points year over… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Connected Data: The engine that powers better results 08/11/2022 The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry. Read Article

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Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows 04/26/2022 ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online saved time and were more satisfied with their time at the… Read Article

Digital Retailing auto loans eCommerce Press Releases

Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels, According to Cox Automotive Study 01/18/2022 ATLANTA, Jan. 18, 2022 – The 12th annual Cox Automotive Car Buyer Journey Study released today reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic. The latest Car Buyer Journey (CBJ) Study finds that the modest retreat from the record high set in 2020 was due mostly to lack of inventory and… Read Article

Car Buyer Journey Press Releases

Ten Predictions for 2022: Cox Automotive Looks Forward Into the Year Ahead 01/13/2022 During the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, Cox Automotive Chief Economist Jonathan Smoke provided a Q2 update to the Ten Predictions for 2022. ATLANTA, Jan. 13, 2022 – In the early days of 2022, the Cox Automotive Industry Insights team lays out 10 trends that will shape the auto industry in the year ahead. Overall,… Read Article

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Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve 11/28/2022 Updated, Dec. 1, 2022 – When considering the new-vehicle market in the U.S., the Cox Automotive Economics and Industry Insights team has been trying to balance two distinct market realities: supply and demand. For much of 2022, tight inventory (supply) has been an anchor holding back the market. And indeed, with inventory historically low, new-vehicle sales have been depressed. Through the end of Q3, the new-vehicle market… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low 10/25/2022 UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and other Asian brands indicate total industry sales volumes may be higher… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Jarryd Carver and Micheal Lee Receive Cox Automotive and NAMAD Rising Star Awards 10/10/2022 ATLANTA, Oct. 10, 2022 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded two Rising Star Awards at the Annual NAMAD Conference in Miami on Friday, October 7. The 2022 award recipients are Jarryd Carver, chief executive officer, Winners Circle Automotive Group, headquartered in Hampton, Virginia, and Michael Lee, dealer principal, Freedom Kia of Morgantown, in West Virginia. Recipients were… Read Article

NAMAD Rising Star Award Press Releases

Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow 10/07/2022 ATLANTA (Oct. 7, 2022) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago. The non-adjusted price change declined 2.1% in September, bringing it to a decrease of 2.3% year over year. September 2022 was the first month since May 2020 that… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive Mobility White Paper Expresses EV Optimism Despite Supply Chain Challenges 10/05/2022 ATLANTA, Oct. 5, 2022 – While vehicle electrification continues to make strides, the lingering effects of the pandemic, the soaring cost of raw materials and geopolitical challenges have contributed to supply chain disruptions that have slowed widespread electric vehicles (EV) growth in the U.S. This perfect storm of bottlenecks outlined in Cox Automotive Mobility’s latest EV white paper titled – “Supply Chain Challenges Impacting Electric Vehicle Adoption”… Read Article

Electric Vehicles EVs Cox Automotive Mobility Press Releases

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Q3 Sales Nearly Equal to 2021 Levels 09/28/2022 UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. At an industry level, just the opposite is true. New-vehicle sales… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Mobility Commits to Cutting Fleet Carbon Emissions in Half by 2030 09/27/2022 ATLANTA, Sept. 27, 2022 – As part of Cox Enterprises’ goal to dramatically reduce its carbon, water and waste impact on the environment by 2034, Cox Automotive Mobility is making key advancements in fleet electrification to build a better future for the next generation. Cox Automotive Mobility’s focus on EV development includes the opening of an Advanced EV Training Center for fleet technicians, nationwide expansion of its… Read Article

Electric Vehicles Cox Automotive Mobility Press Releases

Cox Automotive Mobility and Spiers New Technologies Expand Global EV Battery Service Network 08/30/2022 ATLANTA, Aug. 30, 2022 – Focused on management and innovation within the entire EV battery lifecycle, Cox Automotive Mobility and Spiers New Technologies today announced the expansion of its global EV battery service center network with new facilities in Belleville, Mich., a suburb of Detroit, and Las Vegas. Cox Automotive Mobility in collaboration with Spiers New Technologies also operates end-to-end EV battery service centers in Oklahoma City,… Read Article

Electric Vehicles EVs Press Releases

Cox Automotive Forecast: August U.S. Auto Sales Languish at Slow Pace With Persistent Headwinds 08/25/2022 UPDATED, Sept. 2, 2022 – Calendar year 2022 has provided plenty of great examples of, “I’ve never seen that before.” And that is certainly the case with August 2022 new-vehicle sales. The Cox Automotive Industry Insights team is tallying the August totals and will have more to share next week, but early indications are that overall sales were consistent with July and June before that. Our… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: July U.S. Auto Sales Drop as Recovery Headwinds Grow 07/27/2022 UPDATED, Aug. 3, 2022 – The Cox Automotive Industry Insights team was forecasting new-vehicle sales in July to trend closely to the results seen in June, as new-vehicle inventory levels are holding steady at approximately 1.1 million units, a days’ supply in the mid-30s. As noted in the forecast release below, “Auto sales are expected to show very little change from June’s results, as a lack… Read Article

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