Thursday, October 21, 2021
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September

New vehicle average price soars to more than $45,000 in...

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Auto industry professionals continue to wonder, just how high will new prices rise before hitting a ceiling? The answer to that question did not come in September. Kelley Blue Book is reporting that the average new car price rose for the sixth consecutive month, each one setting a record. September’s average broke past $45,000 for […]
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Smoke

Jonathan Smoke discusses Q3 auto sales and market outlook for the...

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We continue to hear news of record pricing across the industry, so on today’s show, we’re learning where things stand today. We’re pleased to...
dealer

When dealers and partners match talent and tech, consumer experience...

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Personalization is at the core of the way we shop for and purchase everything these days. From groceries to cars, consumers want a fast, easy, and uniquely satisfying experience that is seamlessly woven into their everyday lives. They also expect the option to shop while on the go or from their couch, with a scroll […]
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dealers

Cox Automotive’s Randy Kobat shares how car dealers can navigate the...

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What should dealers do to navigate through this inventory imbalance? On today’s show we’re pleased to welcome Randy Kobat, Vice President of Operations for...
mobility

Report shows that conventional mobility has gained back ground due...

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Consumers have been warming to non-traditional notions of mobility like ridesharing, car subscriptions, and alternative last-mile transportation options over the past decade. But when the pandemic arrived in full force, statistics show that two-thirds of rideshare users in the United States quickly abandoned providers like Uber and Lyft. Instead, the Cox Automotive 2021 Evolution of […]
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auto

A mixed bag in the latest Cox Automotive Weekly Summary

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Cox Automotive released its weekly summary Monday, which included updates on sales and prices across the auto market, the Fed’s potential plans, home sales and construction statistics, consumer sentiment, and jobless claims. While some metrics are positive, others are continuing to struggle as the COVID-19 pandemic drags on. Auto Outlook Auto sales for September are […]
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experience

How reducing friction in the customer experience benefits car dealers

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Earlier this year, the eleventh Cox Automotive Car Buyer Journey Study was released in the midst of the pandemic. It doesn’t come as a shock to anyone that both new and used car buyers found the pared-down shopping process more efficient and less time-consuming. At the core for many shoppers who left the dealership satisfied are […]
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Finkelmeyer

Cox Automotive’s Brian Finkelmeyer on new vehicle inventory and what dealers...

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As demand continues to climb alongside inventory concerns, could you be doing more to get ahead of it all? On today’s show, we’re pleased...
Chesbrough

Cox Automotive’s Charlie Chesbrough reveals forecast for Q4 and how...

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The shortage of new vehicle inventory has led to a decline in sales and an uptick in stress for many of you. Cox Automotive is reporting that August was the fourth consecutive month of slowing sales for new vehicles. On today’s show, we’re pleased to welcome Charlie Chesbrough, Senior Economist and Senior Director of Industry […]
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Dale Pollak shares insight into current trends and economic impacts in...

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We have all been impacted by dwindling inventory in today’s market. While profits still remain high for many, what we are experiencing may be...