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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

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U.S. Auto Dealers Remain Optimistic About U.S. Economy, Concerned Over Political Climate, Election Season 03/09/2020 ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from Q4’s index score of 47 was not statistically significant. Year over… Read Article

Dealer Sentiment Index Cox Automotive Dealer Sentiment Index CADSI 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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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

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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

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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

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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

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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

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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

U.S. Auto Dealers Remain Optimistic About U.S. Economy, Concerned Over Political Climate, Election Season 03/09/2020 ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from Q4’s index score of 47 was not statistically significant. Year over… Read Article

Dealer Sentiment Index Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Forecast: Steady Pace for U.S. Auto Sales Continues in February 02/27/2020 ATLANTA, Feb. 26, 2020 – February – like January before it – is known to be a weak month for vehicle sales, and this year should be no different. According to a forecast released by Cox Automotive, new light-vehicle sales volume is expected to rise nearly 6% compared to last February and 16% compared to last month. With leap year providing an extra selling day –… Read Article

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Cox Automotive Presents 15th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship 02/17/2020 ATLANTA, Feb. 17, 2020 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Liza Myers Borches, president and CEO of Carter Myers Automotive, a fourth-generation family- and employee-owned business. Named after Barbara Cox, the late co-owner of Cox Enterprises and daughter of the company’s founder, this honor is awarded to women who demonstrate business leadership and community advocacy, and a commitment… Read Article

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Cox Automotive Presents Leader in Sustainability Award to Planet Subaru 02/15/2020 ATLANTA, Feb. 15, 2020 – Cox Automotive presented its annual Leader in Sustainability Award to Planet Subaru, a retailer south of Boston that offers itself as the “undealership.” The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership sustainability programs related to waste reduction, energy or water conservation, with a focus on innovation, creativity, and engagement with its employees and the community. The… Read Article

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Cox Automotive Rates & Incentives Announces API Enhancements for CPO and Used-Vehicle Data 02/14/2020 ATLANTA, Feb. 14, 2020 – Cox Automotive Rates & Incentives (CAR&I) released a new data set for certified pre-owned (CPO) APR and used-vehicle retail financing. The API enhancements optimize the selling experience designed to be the industry's most complete, accurate and timely incentive data through easy integration to power consistent pricing and payments. Dealers are now able to standardize financing options for CPO and used vehicles while… Read Article

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Cox Automotive Forecast: Seasonally Slow Start Expected for U.S. Auto Sales 01/29/2020 ATLANTA, Jan. 29, 2020 – January is always one of the slowest months for vehicle sales, and there’s little reason to expect anything different this year. The selling pace slowed last quarter to 16.8 million, below 2019’s final sales of 17 million, and that same softness is likely to continue into the first part of 2020. Cox Automotive expects a 16.7 million monthly selling rate this… Read Article

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