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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

Cox Automotive Dealer Sentiment Index CADSI Press Releases

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

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

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

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

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Auto Market Weekly Summary: May 30 05/30/2023 Growing income and spending data indicate that the consumer is alive and well, and inflation is still a factor that could lead to further Fed rate increases. First-quarter economic growth was revised upward but still reflected a slowing economy in aggregate. Beneath the headline deceleration was strong consumer spending. Consumer incomes and spending saw accelerating growth in April. The personal savings rate declined. Key measures of… Read Article

Market Insights Smoke on Cars

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade 05/25/2023 May 2023 New-Vehicle Sales Forecast Highlights The annual new-vehicle sales pace in May is expected to finish near 14.9 million, up 2.3 million from last May’s 12.6 million pace, but down from April’s 15.9 million level. May sales volume is expected to rise 20.3% from one year ago and reach 1.35 million units. Sales volume will fall 1.1% from April, which had one additional selling day.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Auto Market Report: May 23rd 05/23/2023 The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation Read Article

Market Insights Smoke on Cars Economy & Trends

Hybrids Still Dominate Electrified Vehicle Shopping, According to Kelley Blue Book 05/23/2023 Despite the massive attention on electric vehicles and new tax credits for them, hybrid vehicles continue to be more popular among vehicle shoppers, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up with… Read Article

Kelley Blue Book Brand Watch Electrified Vehicles EV sales Market Insights Data Point

Dealership Service Revenue and Ticket Volume Decreased in April, according to Xtime Metrics 05/22/2023 A recent analysis by Cox Automotive of Xtime metrics revealed that service activity and revenue at franchised dealerships in the U.S. decreased in April compared to the previous month. However, the Repair Order Revenue Index has increased compared to last year and reached a record high in March, while the Repair Order Volume Index has decreased compared to April 2022. The monthly Xtime volume and revenue… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

Auto Market Weekly Summary: May 22 05/22/2023 Retail sales increased slightly in April from March but were down from a year ago. Half of the major categories are down year-to-year. New residential construction trends were mixed in April, but building permits now exceed starts, and the activity indicates that single-family construction is stabilizing. Existing home sales declined in April as supply limits sales. This is also a key reason why new construction and… Read Article

Market Insights Smoke on Cars Economy & Trends

Manheim Market Insights Series: Episode 9 05/19/2023 Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of economic and industry insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights tax refunds, the mid-month Manheim Used Vehicle Value Index, as well as used retail… Read Article

Manheim Market Insights Market Insights Commentary & Voices

Q1 2023 Kelley Blue Book Brand Watch Luxury Report: SUV Shopping Hit Record High; Cars Slumped to New Low 05/17/2023 Almost three-quarters of luxury vehicle shoppers considered an SUV in the first quarter, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The new high came at the expense of luxury cars, for which shopping consideration slumped to a new low. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to… Read Article

Kelley Blue Book Brand Watch Luxury Market Insights Commentary & Voices

Wholesale Used-Vehicle Prices See Decrease in First Half of May 05/17/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April in the first 15 days of May. The midmonth Manheim Used Vehicle Value Index dropped to 225.9, which was down 7.0% from the full month of May 2022. The seasonal adjustment contributed to the decline. The non-adjusted price change in the first half of May declined 0.9% compared to April, while… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Q1 2023 Kelley Blue Book Brand Watch Non-Luxury Report: Chevrolet Gains on Toyota in Shopping; Truck Consideration Soars 05/16/2023 Chevrolet gained on Toyota in shopping, and pickup truck consideration soared to record highs, according to Kelley Blue Book Brand Watch™ report on non-luxury shopping for the first quarter of 2023. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors… Read Article

Kelley Blue Book Brand Watch Non-Luxury Market Insights Commentary & Voices

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