Market Insights and Outlook - Cox Automotive Inc.

Commentary & Voices Our team of analysts and experts share their reactions, insights and unique perspectives on the behaviors, data and industry moves that are affecting the broader automotive business.

2 min read

2021 Car Buyer Journey Study Released 01/18/2022 The 12th annual Cox Automotive Car Buyer Journey Study 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 Study finds that the modest retreat from the record high set in 2020 was due mostly to lack of inventory and high prices. Overall, 66% of consumers were highly… Read Article

Car Buyer Journey Market Insights Commentary & Voices

1 min read

Cox Automotive Industry Insights 2022 Webcast Replay Available 01/14/2022 A replay of the Cox Automotive Industry Insights 2022 webcast held on Thursday, January 13, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Economic and Industry Insights Manager Kayla Reynolds explained how the auto industry performed in 2021 and how the Cox Automotive team sees the industry progressing in the new year. Smoke also presented 10 trends that will shape the… Read Article

Market Insights Smoke on Cars Commentary & Voices

1 min read

Cox Automotive Industry Insights 2022 Webcast Presentation Available 01/13/2022 The Cox Automotive Industry Insights 2022 webcast will be held today at 2 p.m. EST. The presentation is now available for download. Read on to find out about the 10 predictions for 2022 that will be presented during the webcast. Download the Presentation. Cox Automotive Chief Economist Jonathan Smoke will present 10 trends that will shape the auto industry in the year ahead. Read the press release to… Read Article

Market Insights Commentary & Voices

1 min read

Q4 2021 Manheim Used Vehicle Value Index Call Replay Available 01/10/2022 A replay of the Q4 2021 Manheim Used Vehicle Value Index Call held on Friday, January 7, is available below. Cox Automotive Chief Economist Jonathan Smoke and Kayla Reynolds, manager of economic and industry insights, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter. Jonathan and Kayla were joined by Kevin Chartier, vice president of Manheim… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

15 min read

Transformation Toward eCommerce in Automotive Retailing 12/01/2021 The way the world buys and sells vehicles is changing. It’s not happening all at once and the changes vary by retailer and consumer, but the industry is currently at a major tipping point in its transformation toward eCommerce. We will explore why this transformation is occurring, how to approach this change, and what retailers could be doing to succeed as the industry changes. Consumer expectations… Read Article

Esntial Commerce Market Insights Commentary & Voices

3 min read

Strategic Inventory Management a Must in Low-Inventory Market 12/01/2021 November new-vehicle sales are forecast by our team to be modestly better than October, but down significantly from November 2020 and well off the 16-to-17 million sales pace the industry enjoyed prior to the global pandemic. Supply chain disruptions and the well-documented microchip shortages have had an enormous impact on both consumers and dealers. On-the-ground inventories are in some cases 15-to-20% of pre-pandemic levels, transaction prices… Read Article

Inventory incentives new-vehicle inventory Market Insights Commentary & Voices

3 min read

Yes, Destination Charges – and all Vehicle Transportation Costs – Are Up: Here’s Why 12/01/2021 There’s been a lot of talk in the industry lately about rising destination charges on new cars. Some assume that automakers are pushing up the prices to cushion their profits, but there’s perhaps a more straightforward answer: It’s gotten much more expensive to transport vehicles due to the pandemic. At Cox Automotive, our Manheim Logistics brands – Ready Logistics and Central Dispatch – touch 10 million vehicle… Read Article

Market Insights Commentary & Voices

4 min read

Nearly a Quarter of All Shoppers Considered Electrified Vehicles in Q3 11/18/2021 Nearly a quarter of all new-vehicle shoppers in the third quarter considered an electrified vehicle, either a full electric vehicle or a hybrid, according to the Q3 2021 Kelley Blue Book Brand Watch report. That is the highest level of interest in electrified vehicles that the report has ever measured. The report is a consumer perception survey that also weaves in consumer shopping behavior to determine… Read Article

Kelley Blue Book Brand Watch Electrified Vehicles Market Insights Commentary & Voices

5 min read

Digital Retailing: The Key To Making Consumers Love Car Buying 11/09/2021 America’s love affair with the automobile is well documented and an important part of our culture. Who doesn’t remember the first time they drove, their first car, and the freedom that came with it? Unfortunately, not many Americans love BUYING a car. Our industry needs to address that challenge more aggressively. We want the purchase experience to be as good as the product. Car buying, at… Read Article

Digital Retailing Market Insights Commentary & Voices

6 min read

Q3 2021 Kelley Blue Book Brand Watch Report: Lexus Challenges BMW for Most-Shopped Luxury Brand 11/08/2021 BMW retained its spot as the most-shopped luxury brand, but Lexus is closing in on the German brand, according to the Kelley Blue Book Brand Watch™ report for Q3 2021. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with its segment competitors in a dozen factors… Read Article

Kelley Blue Book Brand Watch Luxury Market Insights Commentary & Voices

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