Newsroom | Cox Automotive

Cox Automotive Dealer Sentiment Index: Strong U.S. Auto Market Performance Expected in Q2 03/09/2023 ATLANTA, March 9, 2023 – U.S. automobile dealer sentiment in the first quarter of 2023 was little changed from the level recorded in Q4 2022 and remains at the lowest level since the height of the global COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below the threshold of 50, indicating more dealers view the current auto… Read Article

3 min read

Cox Automotive Acquires FleetNet America 02/28/2023 ATLANTA (Feb. 28, 2023) – Driven to keep the world’s fleets moving efficiently, safely and sustainability, Cox Automotive today announced the acquisition of fleet industry leader FleetNet America®. With the acquisition, Cox Automotive Mobility and FleetNet are creating the foundation that will transform operating a fleet, where every vehicle, and every service is connected. “The market leadership that comes with this joining of our two companies is unmatched in… Read Article

Cox Automotive Mobility Press Releases

9 min read

Cox Automotive’s Car Buyer Journey Study Shows Growing Frustration with Car Buying Process 01/18/2023 ATLANTA, Jan. 18, 2023 – New research released today by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year. The 2022 Car Buyer Journey Study reveals vehicle buyers were frustrated with high prices, limited availability, and the amount of time required to complete the process. Used-vehicle buyers, who are often more price sensitive and face higher interest… Read Article

Car Buyer Journey Press Releases

11 min read

Cox Automotive Leads the Way to NADA 2023 with New Solutions for Retail, Inventory and EV Readiness 01/18/2023 ATLANTA, Jan. 18, 2023 – When the National Automobile Dealers Association’s annual gathering gets underway later this month, Cox Automotive will be showcasing a collection of new services and solutions to help the industry cope with a slowing market and consumers increasingly expecting a more digital, connected vehicle-buying experience. Cox Automotive, the world’s largest automotive services and solutions provider, will be the largest exhibitor at the… Read Article

Press Releases

7 min read

As the Clock Winds Down on a Year Steered by Tight Inventory and Rising Loan Rates, Cox Automotive Offers 10 Predictions for 2023 12/19/2022 ATLANTA, Dec. 19, 2022 – With the start of the New Year just weeks away, the Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market in 2023. By nearly all measures, 2022 was a difficult year for both the industry and the consumer, marked by historically low new-vehicle inventories, high prices, and stubborn inflation chipping away at monthly budgets. A relatively strong… Read Article

Press Releases

All Press Releases Market Insights News Coverage

5 min read

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade 05/25/2023 Updated, June 2, 2023 – Initial estimates of new-vehicle sales in May indeed suggest that year-over-year volume growth was even stronger than our forecast of 20.3%. New-vehicle inventory was at a two-year high heading into the month, and some automakers were beginning to turn up the volume on incentives. As expected, pent-up demand and improved inventory levels helped drive higher sales volumes. May is often a… Read Article

new-vehicle sales sales forecast SAAR Press Releases

5 min read

New Research Shows Automakers Face Consumer Skepticism Toward Vehicle Feature Subscriptions 05/15/2023 ATLANTA, May 15, 2023 – According to consumer research from Cox Automotive, automakers may face challenges if they expect to generate significant revenue from subscription-type features, also known as Features on Demand (FoD). In a new study titled “Software Monetization: The Emergence of Vehicle Features on Demand,” the Cox Automotive Research and Market Intelligence team explores the trend toward offering vehicle features through subscription-type services.… Read Article

Press Releases

4 min read

Cox Automotive Forecast: New-Vehicle Sales Pick Up in April as Inventory Levels Continue to Improve 04/25/2023 Updated, May 3, 2023 – Fed by higher inventory levels and a healthy dose of fleet deliveries, April new-vehicle sales likely finished higher than the Cox Automotive forecast. As noted below, our team was expecting the annual sales pace in April to hit 15.1 million – a sizable increase from April 2022 – and initial estimates suggest the pace was even stronger, approaching 15.9 million. Solid… Read Article

new-vehicle sales sales forecast SAAR Press Releases

7 min read

Manheim Forecast: Used-Vehicle Values Rise Again in March, Finish Quarter up 8.6% 04/07/2023 The Manheim Used Vehicle Value Index (MUVVI) increased 8.6% in the first quarter, ending March at 238.1. The MUVVI has risen for four consecutive months after experiencing the largest decline within one year in the series’ history in 2022. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.5% in March from February but are down 2.4% from March 2022. March’s increase was… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

6 min read

Rapid Growth: Sales of Used Electric Vehicles Increase by 32% in Q1, According to Cox Automotive Estimates 04/07/2023 ATLANTA (April 7, 2023) – According to data assembled by Cox Automotive, the world’s largest automotive services and technology provider, the market for used electric vehicles (EVs) in the U.S. is beginning to accelerate rapidly as more used EVs become available and buyers snap them up. The rapid growth of new EV sales in the U.S. has been well documented; Cox Automotive is forecasting sales of… Read Article

Electric Vehicles EV sales Cox Automotive Mobility Press Releases

6 min read

Cox Automotive Forecast: An Upside Surprise Expected for U.S. Auto Sales in Q1 2023 03/28/2023 Updated, April 3, 2023 – As the Cox Automotive Industry Insights team expected, new-vehicle sales in Q1 delivered solid year-over-year gains. Higher inventory levels and improved fleet sales combined to lift overall industry results. Honda and Nissan delivered stronger-than-expected vehicle sales in Q1; both GM and Ford had good results fueled by strong truck and SUV performance; and Tesla, buoyed by price cuts, saw big gains.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

6 min read

Cox Automotive Dealer Sentiment Index CADSI Press Releases

5 min read

Fyusion Cracks the Code on Making Machine Learning Work on Any Mobile Device… and They Just Shared that Code with the World 03/07/2023 SAN FRANCISCO – March 7, 2023 – In the machine learning world, making models run across a variety of mobile phones is notoriously challenging. This is why Fyusion, a visual intelligence company owned by Cox Automotive, has delivered a powerful new open-source library that makes it easy and efficient to run machine learning models on almost any mobile device. Now available on GitHub, this lightweight yet… Read Article

Press Releases

3 min read

Cox Automotive Names VP To Spearhead Its Wholesale-to-Retail Inventory Management Efforts 03/02/2023 ATLANTA – March 2, 2023 – Cox Automotive has tapped Derek Hansen as vice president of Operations, Inventory Management Solutions. In this new role, he will advance vAuto’s new Variable Management strategy, supported by its flagship solution ProfitTime® GPS, while continuing to grow Kelley Blue Book® Instant Cash Offer and Upside™—ultimately helping dealers achieve more profitable retail and wholesale outcomes. “Derek’s deep knowledge and experience in wholesale… Read Article

Press Releases

3 min read

Cox Automotive Mobility Press Releases

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following sites:

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following sites: