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Cox Automotive Presents 18th Barbara Cox Woman of the Year Award and $10,000 Barbara Cox Scholarship 01/30/2023 ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Beth Beans Gilbert, vice president at Fred Beans Automotive Group, headquartered in Doylestown, Pa. Fred Beans Automotive Group is one of the largest, privately owned automotive groups in Pennsylvania with nearly 1,800 employees and more than $1 billion in annual sales. Named after Barbara Cox, the late co-owner of Cox Enterprises and daughter… Read Article

Press Releases

Cox Automotive Presents 2023 Leader in Sustainability Award to Mark Miller Subaru 01/30/2023 ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Leader in Sustainability Award to Mark Miller Subaru, a dealership with two locations – Midtown and South Towne – serving communities along the Wasatch Front in north-central Utah and throughout the state. The Cox Automotive Leader in Sustainability Award recognizes a dealership for outstanding in-dealership sustainability programs related to waste reduction, energy or water conservation and… Read Article

Press Releases

Cox Automotive Analysis: General Motors’ Q4 2022 U.S. Market Performance 01/30/2023 General Motors closed 2022 on a high note, which could mean an upside surprise when the automaker reports earnings for the fourth quarter and full-year 2022 on Tuesday, Jan. 31. Financial analysts forecast that GM will report a 22% improvement in quarterly earnings from the fourth quarter of 2021 on revenue climbing to $42 billion. Analysts note that for three of the last four quarters, GM’s… Read Article

GM General Motors market performance GM General Motors Market Insights Data Point

Auto Market Weekly Summary: January 30 01/30/2023 The fourth quarter saw a slowing in real economic growth, which followed a larger increase in the third quarter. Consumer spending slowed, but declining imports and inventory increases helped deliver the relatively strong number, which looked better than it really was. Consumer spending fell in December as personal income growth also slowed. Core inflation declined, but real spending growth was negative from a year ago. The… Read Article

Market Insights Smoke on Cars

Cox Automotive Forecast: Improved Inventory Levels, Higher Fleet Sales Expected to Support Improving January U.S. Auto Sales 01/25/2023 New-vehicle sales in January are expected to show a surprising gain when announced next week, even though market conditions have not appreciably changed. The January 2023 auto sales pace, or seasonally adjusted annual rate (SAAR), is expected to finish near 15.6 million, a large increase from December’s 13.3 million pace, according to a forecast released today by Cox Automotive. However, some of the gain is due… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Pilots New Mobile EV Battery Health Tool at Manheim Sites Nationwide 01/24/2023 ATLANTA (Jan. 24, 2023) – Trust matters when it comes to car buying in both wholesale and retail. To drive confidence and transparency in the new and used electric vehicle (EV) market and help optimize EV battery first life, Cox Automotive today announced the next phase of its pioneering approach to EV Battery Health scoring and diagnostics. The company will set the foundation for the industry standard… Read Article

Cox Automotive Mobility Press Releases

Cox Automotive Analysis: Hyundai Motor’s Q4 2022 U.S. Market Performance 01/24/2023 Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a best-ever fourth quarter in the U.S. on a number of fronts, which should help the South Korean automaker’s financial results that will be announced on Thursday, Jan. 26. The U.S., where Hyundai Motor sells all three brands and where Hyundai and Kia operate plants, is one of the most important markets for the… Read Article

Hyundai market performance Market Insights Data Point

Auto Market Weekly Summary: January 23 01/23/2023 Retail sales declined more than expected in December, and adjusted for inflation, retail sales were down from a year ago. However, retail sales do not include spending on most services including travel, which appears to have remained strong in the latest credit card spending data for December. Residential construction fell in December, and with permits declining, new construction will decrease further in the months ahead. Existing… Read Article

Market Insights Smoke on Cars

Manheim Market Insights Series: Episode 5 01/20/2023 Welcome to the monthly Manheim Market Insights update. This month, Jeremy Robb, senior director of Business Intelligence, is picking up the narrative for this monthly check-in on what we are seeing in used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month's video highlights the mid-month Manheim Used Vehicle Value Index as well wholesale inventory and sales,… Read Article

Manheim Market Insights Market Insights Commentary & Voices

Service Activity and Revenue Move in Slightly Different Directions In December, according to Xtime Metrics 01/20/2023 Service activity increased and service revenue decreased month over month – both by less than one percent – at U.S. franchised dealerships in December, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index is up year over year while the Repair Order Volume Index is down compared to December 2021. The monthly Xtime volume and revenue metrics are designed to… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

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