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U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious 06/10/2024 ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold. The last time current market sentiment was above… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade 05/14/2024 ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering… Read Article

Electric Vehicles EVs EV Press Releases

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… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

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… 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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Cox Automotive Leaves 2024 New-Vehicle Sales Forecast Unchanged as September Volume Drops; Year-to-Date Sales Up Less Than 1% Compared to 2023 09/25/2024 Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), was 15.8 million in September, lower than the forecast of 15.9 million but a healthy gain from last month’s 15.3 million pace… Read Article

new-vehicle sales sales forecast SAAR Press Releases

U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Forecast: August U.S. Auto Sales Show Stability Amid Seasonal and Labor Day Boost 08/28/2024 Updated, Sept. 6, 2024 – New-vehicle sales volumes increased month over month and year over year in August, as forecast by Cox Automotive. Year-over-year sales volumes last month are now estimated at 1.42 million, slightly lower than our team’s 1.44 million forecast. Indications are that fleet sales were notably lower year over year – down by more than 21%. Fleet sales in August accounted for approximately 11.6%… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Autotrader Releases ASMR Road Trip Playlist for Dogs to Celebrate National Dog Day, Teams Up with Country Singer Walker Hayes 08/26/2024 ATLANTA, Aug. 26, 2024 - No road trip is complete without a furry companion in tow, but just like people, some dogs are anxious during long car rides. According to Dr. Veronica Higgs, Veterinary Services Manager with Chewy, “Car anxiety can be portrayed differently depending on the dog, including refusal to get into the car, hiding when it is time to travel, and even physical responses… Read Article

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Central Dispatch® Unveils Fully Integrated Transportation Marketplace for Clients, Lays Foundation for the Future 08/16/2024 ATLANTA – August 16, 2024 – On its journey to transform the vehicle transportation experience for shippers, brokers and carriers, Central Dispatch today unveiled its completely reimagined marketplace. Built with client feedback top of mind, this significantly enhanced experience simplifies transportation management by providing shippers, brokers and carriers everything they need to complete the transaction in a single, integrated marketplace. Additionally, this new platform serves as… Read Article

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