Tag: Cox Automotive
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....
July sees surge in retail used vehicle sales, rising 27.6% month...
Retail used vehicle sales saw a significant increase in July, jumping 27.6% from June, according to Cox Automotive’s vAuto Live Market View data. This...
New vehicle prices dropped for 10th straight month in July as...
New vehicle prices in the U.S. continued their downward trend in July, marking the 10th consecutive month of year-over-year declines. According to Kelley Blue...
Auto credit availability declines for fourth straight month as lenders tighten...
According to the Dealertrack Credit Availability Index, auto credit availability in the U.S. fell for the fourth consecutive month in July 2024, with all...
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...
