Tag: Cox Automotive
Wholesale used-vehicle prices rise in July, reflecting market trends
In July, wholesale used-vehicle prices increased, with the Manheim Used Vehicle Value Index (MUVVI) climbing to 201.6, marking a 2.8% rise from June. Despite...
Cox Automotive expands Ken Kraft’s role to lead sales and marketing
Cox Automotive has announced an expanded leadership role for Executive Vice President and Chief Marketing Officer Ken Kraft, who will oversee the company’s sales...
Federal Reserve maintains interest rates, keeping vehicle financing costs high
The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5% to restrict...
Cox Automotive’s study highlights dealers’ struggles and opportunities with data utilization
Automotive dealers recognize the power of data but face significant challenges in leveraging it effectively. This insight is drawn from the comprehensive Cox Automotive's...
U.S. July new vehicle sales forecast shows recovery post-software outage
The latest forecast from Cox Automotive suggests a notable bounce-back in U.S. new-vehicle sales for July, following a widespread software outage that affected sales...
Northwood University interns and Cox Automotive foster future industry leaders – Zak...
It's essential to recognize the significance of education and practical experience in shaping the next generation of industry talent. On the latest episode of...
2024 marks ‘Year of More’ for EVs despite slow growth, according...
According to analysts at Cox Automotive, electric vehicle (EV) sales in the United States are experiencing slower growth this year but growth nonetheless. EVs...
New vehicle affordability sees slight decline in June despite rising incomes
According to the Cox Automotive/Moody’s Analytics Affordability Index, new vehicle affordability experienced a slight decline in June. Dealers and manufacturers were less aggressive with...
Cox Automotive launches Central Dispatch Enterprise to revolutionize automotive logistics
Cox Automotive has announced the first phase of Central Dispatch’s transformation has been completed with the launch of Central Dispatch Enterprise. Large automotive shippers...
Uncertainty looms over U.S. auto sales momentum
U.S. auto sales through the first half of the year are up by 2.9% compared to a year ago. However, concerns loom about whether...
