Tag: Cox Automotive
New vehicle prices drop again as incentives surge amid high inventory
According to Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. fell for the 11th consecutive month, driven...
Used vehicle prices rise in August as consumer confidence shows modest...
Wholesale used vehicle prices increased in August, with the Manheim Used Vehicle Value Index (MUVVI) rising to 203.9, reflecting a 1.2% increase from July,...
U.S. auto dealers report weak market sentiment amid economic/political challenges
The latest Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals that U.S. automobile dealers view the market as increasingly weak, with the overall...
Hyundai and Kia achieve record August sales driven by robust demand...
Hyundai and Kia posted record sales in August, driven by robust demand for crossovers and hybrids, making it one of the industry's strongest months...
Data study reveals opportunities for auto retailers to improve customer engagement...
Data has been receiving a lot of attention lately, and businesses, including auto retailers, rely on it to boost their profits. However, many dealers,...
Stable outlook for U.S. new vehicle sales in August, forecast shows
Cox Automotive's latest forecast anticipates that U.S. new vehicle sales for August will remain relatively stable when adjusted for significant seasonality. The seasonally adjusted...
Navigating the 2024 auto market: Erin Keating on inventory trends, EV...
As we move further into the second half of 2024, we are eager to examine the current new vehicle inventory and the average transaction...
Equifax and Cox Automotive partner to tackle rising synthetic identity fraud...
It’s the peak summer selling season for auto retailers, and fraud prevention is at the top of minds now more than ever. With synthetic...
Wholesale used vehicle prices rose 0.5% in early August
Wholesale used-vehicle prices have risen by 0.5% from July during the first half of August, as the Manheim Used Vehicle Value Index increased to...
DMS outage creates volatility in used vehicle market as inventory declines...
The dealer management system (DMS) outage that affected sales and inventory reporting throughout the previous month continues to create volatility in the automotive market....