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7 min read
Data Innovation That Drives Bottom Line Results
04/10/2023
By: Brad Phelps, Senior Director of Data Strategy “Innovation is seeing what everyone has seen and thinking what no one has thought.” -Dr. Albert Szent Gyorgyi, Nobel Prize winning biochemist. Everyone knows that good data informs better decisions. In parts one and two of our DRiVEQ blog series, we described the difference between data that drives a single intelligent decision vs. repeated, industry leading decisions. In…
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Marketing
6 min read
Turning Data into Actionable Intelligence
12/21/2022
By Brent Towne, Sr. Director of Consumer Data Strategy Today’s consumers expect brands to understand them better than ever, offering personalized products and services. Meanwhile, brands are investing in customer data and experience management to maximize customer satisfaction, loyalty, and lifetime value. But modern data capabilities don’t always translate into relevancy and efficiency for the consumer. Or generate value for brands. In part two of our…
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7 min read
Connected Data: The engine that powers better results
08/11/2022
The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry.
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Market Insights
1 min read
2024 Cox Automotive Forecasts
03/28/2024
Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Cox Automotive Industry Insights webcast on January 8. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as market changes dictate. Download the 2024 Forecasts If you would like to speak…
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sales forecast
U.S. auto sales
Market Insights
Data Point
3 min read
Fleet Services by Cox Automotive Joins Forces with U.S. Army’s PaYS Program to Secure Career Opportunities for Service Members
03/14/2024
ATLANTA and INDIANAPOLIS, March 14, 2024 – Fleet Services by Cox Automotive announced its commitment to the U.S. Army’s Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army. The two organizations signed an official partnership agreement during a ceremony on Monday at Fleet Services by Cox Automotive in Indianapolis. “We commend Fleet Services by Cox Automotive for their commitment to…
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fleet services
Press Releases
8 min read
U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes
03/13/2024
ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market index is largely driven by profitability, customer traffic and costs. Of…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
3 min read
DealShield® Crosses Major Milestone Fueled by Ongoing Dealer Demand and Satisfaction
03/12/2024
ATLANTA – March 12, 2024 – DealShield®, the wholesale industry’s best purchase protection solution, has surpassed a major milestone: $80 billion in vehicle value guaranteed since launching nationally 10 years ago. That’s more than 4.5 million vehicles dealers have purchased with the utmost peace of mind—and it’s no wonder why. With its truly hassle-free return experience, the DS360 Return Guarantee enables subscribing dealers to return vehicles that don’t meet…
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Press Releases
1 min read
Cox Automotive Monthly Industry Update Video Series – Episode 18
02/16/2024
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 18, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, Scott Vanner, Business Intelligence analyst, Tiffany Williams, Business Intelligence analyst, and…
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Monthly Industry Update
Market Insights
Commentary & Voices
2 min read
Super Bowl Ads Electrify Consumer Interest in Cars
02/13/2024
In addition to crowning the Kansas City Chiefs national champions, Sunday’s Super Bowl reminded us of two truths: First, television advertising is far from dead. Second, when people see a vehicle they want or want to know more about, they put down the nachos and go to the internet. Cox Automotive’s Autotrader and Kelley Blue Book websites are among the largest, busiest consumer sites available. During…
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Market Insights
Data Point
5 min read
Lessons Learned While Listening Carefully at NADA 2024
02/13/2024
It was good to be back in Las Vegas for NADA 2024, which included my first trip to the Sphere to see U2. The pre-show DJ must have known the venue was packed with auto industry leaders when he rode around the crowd in an elevated faux car playing The Beatle's hit “Drive My Car.” But the point of attending NADA is not about listening to live…
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Market Insights
Commentary & Voices
8 min read
Cox Automotive’s Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines
01/31/2024
ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s annual convention. Cox Automotive will be the largest exhibitor at NADA…
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Car Buyer Journey
Press Releases
2 min read
Cox Automotive Charges Forward With New EV Battery Solutions Facility in Georgia
01/31/2024
ATLANTA (Jan. 31, 2024) – Committed to being the world’s best battery health innovator and end-to-end solutions provider for electric vehicles, Cox Automotive today announced the opening of its new EV Battery Solutions service center in Conyers, Ga. The growth of Cox Automotive’s global EV battery service network in the Southeastern United States comes at a time of rapid EV growth in the state of Georgia, with EV…
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Press Releases
3 min read
Your First Look at NADA 2024
01/23/2024
As NADA 2024 approaches, Brendan Reardon, AVP of Sales for VinSolutions and Retail360 Deal, shares a preview of what to expect at the “auto industry event of the year” — plus some tips for networking while you’re at the show. Want to know what else to look for at NADA this year? Check out the new First Look Guide from Cox Automotive. Q: What emerging trends…
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