Tag: Cox Automotive
New vehicle inventory improves in July, but remains lower than pre-pandemic...
According to newly released insights from Cox Automotive's analysis of vAuto available inventory data, new-vehicle inventory numbers are improving slightly. New-vehicle inventory was slightly higher at the...
Average transaction price for new car sales increases $139 for a...
New data released by Cox Automotive's Kelley Blue Book shows the average transaction price, or ATP, for a new vehicle in the US in July was higher than the...
How to fill the gaps in your service BDC and create...
Dealerships are always looking for ways to drive efficiency and profits further by adding new technologies. Back in June of 2021, Proactive Dealer Solutions launched Brooke.ai, automotive's...
New vehicle affordability hits all-time low in June, monthly payments spike...
New vehicle affordability hit a record low as the average monthly payment for new cars increased to $730, according to new data from Cox Automotive. Labor and...
Wholesale used-vehicle prices decrease in June, supply stabilizes
According to the latest Manheim used-vehicle data, wholesale used-car prices dropped 1.3% from May to June. The supply of used cars has returned to...
Cox Automotive shifts 2022 sales forecast due to ongoing supply issues
According to the Cox Automotive June sales estimate, U.S. new vehicle sales are expected to be constricted due to the lack of supply that...
How car dealers can wholesale inventory in more effective and profitable...
The pain points many car dealers are experiencing in wholesale transactions can be solved by Cox Automotive's Upside, a whole new way to wholesale....
Certified pre-owned sales decline in May after four consecutive months of...
Sales of certified pre-owned vehicles fell by 7% from sales posted in April 2022, according to industry expert Cox Automotive. The year-over-year decline is...
Cox Automotive: Dealer sentiment down amid concerns about inflation, expenses
Cox Automotive has released its Dealer Sentiment Index for the second quarter, which was compiled from dealers’ responses from April 25th to May 9th....
How to enhance service department efficiency and gain more market share...
On today's Power Lunch, we'll spend some time discussing efficiencies within the dealership service department. Joining us in the studio are Jade Terreberry, Senior Director...
