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Cox Automotive’s Newest VinSolutions Artificial Intelligence Solution Can Turn Data Into Deals 12/17/2024 ATLANTA, Dec. 17, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, today introduces powerful, new Artificial Intelligence capabilities to its leading CRM solution VinSolutions. Using Predictive Insights with Generative AI (GenAI) capabilities, this proprietary CRM technology incorporates first-party behavioral data from Cox-owned marketplaces Autotrader, Kelley Blue Book and Dealer.com. As a result, dealers can identify shoppers who are up to 8 times more… Read Article

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Cox Automotive Forecast: Driven by a Strong Q4 and a Post-Election Boost, U.S. Auto Sales Beat Expectations in 2024, Expected to Finish Above 15.8 Million, Best Result Since 2019 12/17/2024 ATLANTA, Dec. 17, 2024 – December new-vehicle sales, to be confirmed in early January, are expected to show steady growth over last year’s market. According to the Cox Automotive forecast released today, December’s seasonally adjusted annual rate (SAAR), or sales pace, is expected to finish at 16.5 million. This SAAR is up from last year’s 15.9 million level and equal to November’s 16.5 million. Sales volume… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Optimism on the Rise Among Auto Dealers Following Decisive Election Results, Says Cox Automotive Q4 2024 Dealer Sentiment Index 12/11/2024 ATLANTA, Dec. 11, 2024 – The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. automobile dealers. The latest survey, conducted immediately following the national election in early November, indicates that while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. “The recent resolution of political uncertainty following the presidential election has cleared the path for… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Forecast: November New-Vehicle Sales Pace Holds Steady as Market Appears Poised to End 2024 on a Strong Note 11/26/2024 Updated, Dec. 4, 2024 – U.S. auto sales in November 2024 beat expectations, showcasing strong momentum as the year approaches its close. While initial forecasts anticipated a sales pace of 16.0 million with a volume of 1.32 million vehicles, the latest data suggests the industry is on track to hit a seasonally adjusted annual rate (SAAR) of 16.5 million – the strongest pace in over three… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Announces the Departure of Dale Pollak, Founder of vAuto, at the End of 2025 11/21/2024 ATLANTA, Nov. 21, 2024 – Cox Automotive announced today that Dale Pollak, executive vice president and the founder of vAuto, will leave the company at the end of 2025. Throughout next year, Pollak will focus on transitioning key customer relationships and his industry-leading thought leadership, as well as continue his National Automobile Dealers Association (NADA) teachings. Pollak will also represent Cox Automotive at NADA Show in January,… Read Article

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Cox Automotive Deal API Revolutionizes Car Buying with Omnichannel Deal Connectivity 11/18/2024 ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and independent software partners to deliver deal consistency at every touchpoint, bridging data gaps between systems and making it easier to buy and sell cars. Cox Automotive… Read Article

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Cox Automotive’s Autotrader Creates One, Consistent Omnichannel Marketplace 10/30/2024 ATLANTA, Oct. 30, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, announces new applications of the company’s unique first-party data assets combined with the industry’s only true omnichannel car buying experience. The result – car buyers can now search for vehicles, comparison shop inventory, determine what they can afford, and sign their deal all in one connected marketplace, creating a consistent path… Read Article

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Cox Automotive Forecast: October New-Vehicle Sales Steady, Volume Expected to Rise Despite Election Uncertainties and Weather Events 10/24/2024 Updated, Nov. 4, 2024 – Supported by higher incentives, solid inventory levels, and generally improving consumer sentiment, new-vehicle sales in October likely came in slightly higher than the Cox Automotive forecast. Initial estimates put total new-vehicle sales at 1.33 million units last month, a gain of 11% from October 2023. Cox Automotive had forecast 1.31 million sales, an 8% year-over-year gain. Business disruptions following two major… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Manheim Report: Wholesale Used Vehicle Prices Trend Lower in September After Two Months of Gains 10/07/2024 ATLANTA (Oct. 7, 2024) – Data released today by Cox Automotive showed that, after two months of increases, wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) reversed course and were lower in September by 0.5% compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal adjustment to the index amplified… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive Introduces Retail360 09/30/2024 ATLANTA, Sept. 30, 2024 - Cox Automotive, the world’s largest automotive services and technology provider, today announces Retail360 – a comprehensive suite of tools that enables the industry’s only true omnichannel experience. Omnichannel connects the entire auto retail ecosystem along every step of the car-buying and owning journey – an industry first that finally creates the transparent experience car buyers want with the deal control dealers… Read Article

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