Cox Automotive - Tagged Posts

Used Car Sales Returning to Normal

The frenzied sales fever that pushed new car sales to record heights is cooling, with demand for pre-owned vehicles returning to more normal levels.

3 Ways Dealerships Can Lean on Digital Tools to Meet Increased Demand

The way people want to buy cars has changed, and those changes are here to stay. Here are a few ways dealerships can lean on their auto dealership software to appeal to today’s consumer shopping habits.

Improve the Service Experience to Increase Profits

Improving your dealership’s service experience is more than some fuzzy way of making your customers feel good. It’s a proven, quantifiable way of increasing your profits and today’s technology makes it easier than ever.

Help Wanted: U.S. Automobile Dealers Struggle to Hire Employees While Business Booms

A majority of dealership leaders – approximately 65% – report they plan to increase the total number of employees in the dealership this year.

Light Vehicle Sales Continue to Rebound as Microchip Shortage Squeezes Supply

Automakers reported impressive monthly results, showing increases that ranged from 40% to 70% compared to unit sales during the pandemic.

Used Vehicle Prices Skyrocket as New Vehicle Inventory Wanes

Wholesale used vehicle prices have increased 37% over the past 20 weeks and used retail prices rose 15% since the end of 2020.

Auto Inventories Continue to Plummet

vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.

Cox Automotive Update: Strong Retail Sales Forecast For April

The Cox Automotive Industry Insights team is forecasting a sales pace of 16.5 million in April, down from the surprise 17.7 million in March, but a healthy number nonetheless.

Cox Auto Update: Healthy February Sales Pace; A Big Year for NFORs

Look for further data updates as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and more.

An Interview with Digital Air Strike’s Jason Barrie

In today’s dealership environment, strong data is the play. But keep in mind, it’s not just technology, it’s about the dealership experience.