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U.S. Auto Dealer Sentiment Remains Slightly Negative, Despite Stronger Traffic, Profits 06/10/2019 ATLANTA, June 10, 2019 – According to data from the Q2 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. auto dealer sentiment is similar to the first quarter as the overall current market index remained in negative territory. The current market index – a measure of business conditions in Q2 2019 – rose one point to 49, which is not a statistically significant increase. Again… 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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Head of the Class: Ford, Mercedes-Benz Named Valedictorians in New Retail Brand Scorecards Study 01/24/2019 SAN FRANCISCO, Jan. 24, 2019 – As auto dealers from across the country gather in San Francisco for the annual NADA convention, top honors were given to Ford and Mercedes-Benz in the non-luxury and luxury categories, respectively, in a new study released today. The comprehensive study measures and compares core brand attributes that most impact dealer performance. The Retail Brand Scorecards are compiled by Cox Automotive… Read Article

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Retail Auto Sales to Drop Further as Alternatives to Ownership Become More Accessible and Affordable, According to Final Phase of Cox Automotive Evolution of Mobility Study 01/17/2019 ATLANTA, January 17, 2019 – Retail auto sales in the U.S. could drop as much as 29 percent as alternatives to traditional vehicle ownership becomes more accessible and affordable, decreasing the amount of miles consumed by personally owned vehicles. This is the key finding in Phase No. 3 of the Cox Automotive Evolution of Mobility Study, released today. The latest study shows how the cost of… Read Article

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Cox Automotive Promotes Tim McKinley to Chief Sales Officer 07/16/2019 ATLANTA, July 16, 2019 – Tim McKinley has been promoted to chief sales officer (CSO) for Cox Automotive, reporting to President Sandy Schwartz, from his position as senior vice president of sales for Manheim, a Cox Automotive brand. McKinley replaces Sid Nair who is returning to Texas for a new opportunity. As CSO, McKinley will oversee the entire Cox Automotive sales operation and marketing in the… Read Article

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Eddie Hall III Receives Cox Automotive and NAMAD Rising Star Award 07/12/2019 ATLANTA, July 12, 2019 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to Eddie Hall III, general manager at The Hall Automotive Group in Royal Oak, Michigan. Hall was chosen based on nomination criteria, including being a NAMAD member in good standing under the age of 40 who has demonstrated a substantial commitment and contribution to… Read Article

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Used-Vehicle Values Hold Steady as Demand Remains Strong 07/08/2019 ATLANTA (July 8, 2019) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.61% month-over-month in June. This brought the Manheim Used Vehicle Value Index to 140.5, a 4.1% increase from a year ago. After seeing steady and slightly lower than normal depreciation in weekly Manheim Market Report (MMR) prices in May, prices remained firm or slightly higher each week in June. Three-year-old… Read Article

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Cox Automotive Forecast: June Auto Sales to Slow Following Surprisingly Strong May 06/26/2019 ATLANTA, June 26, 2019 – Cox Automotive is forecasting June U.S. auto sales volume to decline nearly 2.7% from last year, about 40,000 units, falling to 1.51 million. The seasonally adjusted annual rate (SAAR) is expected to drop slightly to 17.2 million, below May’s 17.3 million level, but on par with the 17.2 million posted in June 2018. June is expected to return to a more… Read Article

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U.S. Auto Dealer Sentiment Remains Slightly Negative, Despite Stronger Traffic, Profits 06/10/2019 ATLANTA, June 10, 2019 – According to data from the Q2 2019 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. auto dealer sentiment is similar to the first quarter as the overall current market index remained in negative territory. The current market index – a measure of business conditions in Q2 2019 – rose one point to 49, which is not a statistically significant increase. Again… Read Article

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Cox Automotive Forecast: May U.S. Auto Sales Pace Expected to Improve from April’s Slump 05/28/2019 ATLANTA, May 28, 2019 – Cox Automotive is forecasting May U.S. auto sales to decline nearly 3% from last year, falling to 1.54 million units. The seasonally adjusted annual rate (SAAR) is expected to rise slightly to 16.9 million, above April’s 16.4 million level but below May 2018’s 17.2 million pace. May is a critical sales month for the industry as it is consistently in the… Read Article

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Cox Automotive Forecast: April U.S. Auto Sales Pace to Cool from March’s Surprise 04/25/2019 ATLANTA, April 25, 2019 – Following surprisingly-high March sales, Cox Automotive is forecasting April U.S. auto sales to cool off to 1.37 million units, a 1% increase over last year’s volume. However, because the number of selling days increases from 24 last April to 26 this year, the seasonally adjusted annual rate (SAAR) of sales is expected to decline to 16.9 million units, down from April 2018’s… 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 Leads New $30 Million Investment Round in Fyusion to Accelerate Next-Generation 3D Imaging, Machine Learning 04/15/2019 ATLANTA (April 15, 2019) – In response to the skyrocketing digital wholesale marketplace where seeing is believing, Cox Automotive is continuing its investment strategy. This latest investment is to accelerate the digital buying and selling experience, bringing it closer to a live interaction. With Fyusion, Manheim enables dealers to take advantage of 360-degree interactive viewing capability, which is integrated into the Manheim Express app. Fyusion and Manheim… Read Article

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Cox Automotive Names Mark Luber Chief Data Officer 04/15/2019 ATLANTA, April 15, 2019 – Cox Automotive has named Mark Luber to the newly-created role of chief data officer effective today, reporting to Chief Product Officer Marianne Johnson. In this role, Luber will lead the Cox Automotive Data Solutions team and will work across Cox Automotive to unleash the power of its data assets. He will be responsible for Cox Automotive’s data strategy, helping uncover new… Read Article

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