CAREERS INTERNATIONAL CONTACT BRANDS SOLUTIONS LEARNING CENTER ABOUT US NEWSROOM 2021 Cox Automotive Service Industry Study: Parts Shortages, Staffing Concerns Hold Back Dealership Service Departments 10/11/2021 MISSION, Kan., Oct. 11, 2021 – Despite current headwinds and market conditions, dealership service centers remain resilient and continue to be among the most preferred service providers. According to the 2021 Cox Automotive Service Industry Study released today, 34% of consumers prefer dealership service centers, a 1 percentage point increase from 2018, and ahead of general repair shops. And while this is great news for franchise dealers, there… Read Article Service Fixed Ops Press Releases 1 2 3 4 5 ALL PRESS RELEASES MARKET INSIGHTS NEWS COVERAGE 3 min read Strategic Inventory Management a Must in Low-Inventory Market 12/01/2021 November new-vehicle sales are forecast by our team to be modestly better than October, but down significantly from November 2020 and well off the 16-to-17 million sales pace the industry enjoyed prior to the global pandemic. Supply chain disruptions and the well-documented microchip shortages have had an enormous impact on both consumers and dealers. On-the-ground inventories are in some cases 15-to-20% of pre-pandemic levels, transaction prices… Read Article Inventory Incentives New-Vehicle Inventory Market Insights Commentary & Voices 3 min read Yes, Destination Charges – and all Vehicle Transportation Costs – Are Up: Here’s Why 12/01/2021 There’s been a lot of talk in the industry lately about rising destination charges on new cars. Some assume that automakers are pushing up the prices to cushion their profits, but there’s perhaps a more straightforward answer: It’s gotten much more expensive to transport vehicles due to the pandemic. At Cox Automotive, our Manheim Logistics brands – Ready Logistics and Central Dispatch – touch 10 million vehicle… Read Article Market Insights Commentary & Voices 3 min read Cox Automotive Forecast: November Auto Sales Stuck in Low Gear As Consumers and Dealers Face Tight New-Vehicle Inventory and High Prices 11/29/2021 ATLANTA, Nov. 29, 2021 – When auto sales for November are confirmed by many automakers later this week, the results are forecast by Cox Automotive to show a market still held in check by limited new-vehicle supply and high prices. The November sales pace is expected to be down notably year over year, but should show a slight improvement from October, as select manufacturers have been… Read Article New-Vehicle Sales Sales Forecast SAAR Press Releases 4 min read Auto Market Weekly Summary 11/29/2021 While the number of COVID-19 daily new cases is increasing, the economy grew, consumers spent money, home sales rose, and jobless claims dropped to pre-pandemic levels. GDP revised up: The second estimate of third-quarter real GDP resulted in an upward revision to growth of 2.1% annualized from the first estimate of 2.0%. Personal consumption was revised up to 1.7% from the original estimate of 1.6%. Spending… Read Article Market Insights Smoke On Cars Economy & Trends 1 min read Podcast: Manheim Logistics VP Joe Kichler 11/23/2021 Auto Remarketing Podcast, Nov. 23, 2021 – Joe Kichler, vice president of Manheim Logistics, joins the Auto Remarketing Podcast in an on-site episode from Used Car Week earlier this month. Kichler and Auto Remarketing senior editor Joe Overby talk about Manheim's partnership with DHL, the transportation space and much more. Listen to the Episode. Read Article News Coverage 5 min read Cox Automotive Auto Market Report: November 23 11/23/2021 The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation. Read Article Market Insights Smoke On Cars 2 min read Five Takeaways from Latest COVID-19 Consumer Impact Study 11/23/2021 Cox Automotive has been tracking consumer behavior throughout the pandemic to measure how vehicle purchase intenders have been reacting to changing market conditions. With COVID-19 vaccines available for more of the population and boosters rolling out, a fresh round of research was conducted last month. More than half of Americans indicated they are now “not at all” or only “somewhat” concerned about the pandemic, according to the… Read Article COVID-19 Consumer Impact Study Market Insights Data Point 1 min read Cox Automotive’s Charlie Chesbrough on How Car Dealers Can Remain Successful in Q4 11/22/2021 Nov. 22, 2021, CBT News Inside Automotive – As we move through the final quarter of the year, you may be asking yourself what can you do to remain successful, despite the industry’s inventory and chip shortages? On today’s show, Jim Fitzpatrick is pleased to welcome back Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive to walk us through his recommendations and predictions for Q4… Read Article News Coverage 2 min read Used-Vehicle Inventory Edges Higher; Average Price Just Shy of $27,000 11/22/2021 Used-vehicle inventory edged slightly higher in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.30M Total UnsoldUsed Vehiclesend of October 42 Days' Supply $26,971 Average Listing Price 68,132 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.30 million units at… Read Article Inventory Used-Vehicle Prices Used-Vehicle Inventory Market Insights Data Point 4 min read Auto Market Weekly Summary 11/22/2021 The trend in new daily COVID-19 cases accelerated higher last week, and consumer sentiment lost ground. Retail sales were much stronger than expected in October as consumers keep spending despite higher prices. Inflation did play a role in the spending, but even controlling for price increases, retail sales exceeded expectations. New construction trends were mixed in October as starts declined with labor and supply challenges, but… Read Article Market Insights Smoke On Cars Economy & Trends Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry. @CoxAutomotive Tweets by @CoxAutomotive FOLLOW US ON TWITTER For more info or news from other Cox Automotive brands, visit the following newsrooms: Autotrader Clutch Technologies Dealer.com Dealertrack Dickinson Fleet Services Kelley Blue Book Manheim NextGear Capital RideKleen vAuto VinSolutions Xtime LOAD MORE OUR BRANDS Autotrader AutoStreets Bitauto Clutch Technologies Dealer.com Dealer-Auction.com Dealer Solutions Dealertrack Dickinson Fleet Services F&I Express Fyusion Jingzhengu Kelley Blue Book Mahindra First Choice Manheim Manheim International Modix Molicar Movex NextGear Capital Pivet Ready Logistics RideKleen vAuto VinSolutions Xtime A division of Cox Enterprises Company Brands Insights & Resources About Us Careers Newsroom Latest News Press Releases Market Insights & Outlook CAMIO Smoke on Cars Press Contacts Information Visitor Agreement Privacy Statement Code of Conduct Supplier Contact Contact Us Social ©2021 Cox Automotive. 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