Cox Automotive - Tagged Posts

Cox Automotive: Auto Credit Availability Improved in April for 11th Straight Month

Access to auto credit expanded again in April, according to the Dealertrack Credit Availability Index for all types of auto loans.

Service Strategies for Inventory Shortages

Implement a few smart service strategies to acquire cars and keep profits high when inventory is low. A lot has been said about the current inventory shortage—causes, effects, and predictions about how long it will last. But one aspect that has flown under the collective automotive retail radar is that many dealers are thriving now. These dealers are sourcing vehicles and staying profitable, despite facing the same industry obstacles.

Cox Automotive: Car Buyers Report Higher Satisfaction When Using Digital Financing Tools

Cox Automotive has been researching the car-buying process for 12 years and, with the release of this new study, is diving into the financing aspect of the car buying process for the first time.

Cox Automotive: 10 Takeaways from U.S. Auto Sales in Q1 2022

The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.

CPO Sales Bested February Totals

The industry saw 14.3% month over month growth, but CPO sales still fell 23.3% short of 2021 sales for the same month.

New-Vehicle Transaction Prices Decline for Third Straight Month, but Remain Above MSRP, according to Kelley Blue Book

With low inventory and high demand, incentives dropped to a record low in March, averaging only 3.2% of the average transaction price.

After Slow First Quarter, Manheim Forecasts Used-Vehicle Market to Accelerate in Months Ahead

Manheim Market Report values saw weekly price increases that accelerated in each full week of March after the first week saw the smallest decline thus far this year.

Shortage of Inventory, Not Buyers Challenges U.S. Auto Industry

The U.S. auto industry has no shortage of buyers currently, but it lacks the inventory to satisfy them.

Cox Automotive March Forecast: Slow March Auto Sales to Cap Weakest Q1 in a Decade

March U.S. auto sales, when reported on Friday, will show a notable drop from last March as the market remains significantly constrained by lack of supply.

Cox Automotive: Interest in EVs and Hybrids Spike As Fuel Prices Rapidly Increase

The added cost to fill up impacts everyone differently, and high prices tend to drive further interest in fuel-efficient vehicles and, of late, electric vehicle solutions.