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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

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Cox Automotive Dealer Sentiment Index: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year 03/09/2022 ATLANTA, March 9, 2022 – Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment. Still, at 57, the current market index remains above the positive threshold in the latest Cox Automotive Dealer Sentiment Index (CADSI). The index reading of 57 indicates that more U.S.… Read Article

Cox Automotive Dealer Sentiment Index CADSI 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 Mobility Takes Charge of EV Battery Lifecycle Services With Global Acquisition 09/01/2021 ATLANTA (September 1, 2021) – Focused on being the world’s best end-to-end caretaker for the electric vehicle (EV) future from storage and logistics to remanufacturing, reuse and pre-treatment recycling, Cox Automotive Mobility today announced a foundational investment for its new global EV battery service network with the acquisition of Spiers New Technologies (SNT), a leading service provider for EV battery lifecycle management. As EVs take center stage, battery production, health… Read Article

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Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022 05/25/2022 ATLANTA, May 25, 2022 – With no relief from elevated prices and tight new-vehicle inventory, U.S. auto sales are expected to drop to their lowest level of the year in May. According to the Cox Automotive forecast released today, the seasonally adjusted annual rate (SAAR) of new-vehicle sales in May is expected to hit 13.1 million, a step backward from April’s 14.3 million level and far… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive’s Upside Delivers a Vibrant Wholesale Marketplace with Advantages for Buyers and Sellers 05/23/2022 ATLANTA, May 23, 2022 – To some dealers, it sounded too good to be true: a vibrant wholesale marketplace that could deliver value on both sides of the transaction. But that’s exactly what Cox Automotive set out to deliver with Upside™. With the first Upside Direct sales attracting strong participation, Cox Automotive is confident in saying that the promise of Upside has become a reality. Upside… Read Article

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Cox Automotive Forecast: No Relief in Sight as Slow New-Vehicle Sales Persist in April 04/27/2022 UPDATED, May 3, 2022 – While April sales are still being tallied by our teams, initial projections indicate total sales will come in near 1.2 million, down more than 20% from year-ago levels and very near our forecast released last week. As Cox Automotive Senior Economist Charlie Chesbrough noted earlier, the new-vehicle inventory situation has not materially changed and continues to hold new-vehicle sales in check.… Read Article

new-vehicle sales sales forecast Press Releases

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

After Slow First Quarter, Manheim Forecasts Used-Vehicle Market to Accelerate in Months Ahead 04/07/2022 ATLANTA (April 7, 2022) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% month over month in March. This brought the Manheim Used Vehicle Value Index (MUVVI) to 223.5, an increase of 24.8% from a year ago. The non-seasonally adjusted price change in March increased 0.6% compared to February, leaving the unadjusted average price up 23.2% year over year. “We anticipate… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive March Forecast: Slow March Auto Sales to Cap Weakest Q1 in a Decade 03/28/2022 UPDATED, April 1, 2022 – With a trifecta of issues impacting the new-vehicle market in the first quarter – low inventory, low incentives, high prices – sales have mostly been stuck in low gear. Our Industry Insights team was expecting lower year-over-year sales and spoke to that point during the Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast earlier this week, and early data… Read Article

new-vehicle sales sales forecast SAAR Press Releases

CarBreezy, A New Fully Online Car Buying Solution, Launches Utilizing Cox Automotive Esntial Commerce Technology 03/21/2022 ATLANTA and TACOMA, Wash., March 21, 2022 – Titus-Will Automotive Group announced today the launch of CarBreezy, powered by the Cox Automotive Esntial Commerce™ platform. The new fully online, automated, pre-owned vehicle website allows consumers to find and purchase a vehicle in as little as 15 minutes. "Titus-Will Automotive Group is excited to launch a fast and easy fully-digital solution to the South Puget Sound region… Read Article

Esntial Commerce eCommerce Press Releases

Cox Automotive Presents 17th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship 03/14/2022 ATLANTA, March 14, 2022 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Chrissy Taylor, president and chief executive officer for Enterprise Holdings Inc., headquartered in St. Louis. Enterprise Holdings operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands in nearly 100 countries and territories. Enterprise Holdings and its affiliate Enterprise Fleet Management manage around 1.85 million… Read Article

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Cox Automotive Presents Leader in Sustainability Award to LaFontaine Automotive Group 03/14/2022 ATLANTA, March 14, 2022 – Cox Automotive presented its annual Leader in Sustainability Award to LaFontaine Automotive Group, a Michigan-based dealership group with 51 retail franchises, eight collision centers and 29 retail locations. The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership sustainability programs related to waste reduction, energy or water conservation and focused on innovation, creativity, and engagement with its employees… Read Article

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Jones Motor Company Taps Cox Automotive Capabilities to Launch Used Car eCommerce Platform 03/09/2022 ATLANTA and SAVANNAH, Tenn., March 9, 2022 — Jones Motor Company announced today the launch of Jones Direct Auto powered by Cox Automotive Esntial Commerce™. The innovative, fully online, automated used vehicle retail website allows consumers to select from Jones’ high-quality, pre-owned vehicles and complete their purchases completely online. Jones Direct Auto is a new retail channel that complements Jones Motor Company's brick and mortar locations… Read Article

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