News Archive - Cox Automotive Inc.

Realtor.com® and Cox Automotive Identify the Top Electric Vehicle Friendly Housing Markets

6 min read

SANTA CLARA, Calif., April 10, 2024 – In 2023, 1.2 million U.S. vehicle buyers chose to go electric, according to Kelley Blue Book, a Cox Automotive brand. For electric vehicle (EV) owners certain factors, like home-charging ability and easy access to charging facilities are necessary for smooth EV ownership. A new report from Realtor.com® and Cox Automotive has uncovered the top housing markets … Continued

Manheim Index: Wholesale Used Vehicle Values Lower than Expected in March, as Prices Cool in Final Week of Q1

8 min read

ATLANTA (April 5, 2024) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.1, a decline of 14.7% from a year ago. The decline in the index was driven by the seasonal adjustment, resulting in a … Continued

Cox Automotive Deploying Industry-First, VIN-Specific EV Battery Health Solution Across Manheim Locations

4 min read

ATLANTA – March 27, 2024 – Cox Automotive is rolling out the used car industry’s only solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision’s capabilities of reporting battery health for each unique vehicle. Both enhancements give wholesale buyers and sellers the information … Continued

Cox Automotive Forecast: March New-Vehicle Sales to Jump 4.5% From Year-Ago Levels, as U.S. Market Continues to Normalize

3 min read

ATLANTA, March 25, 2024 – Cox Automotive forecasts U.S. new-vehicle sales in Q1 will increase 5.6% year over year and reach 3.8 million units. The year-over-year increase in Q1 sales suggests that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022. … Continued

Fleet Services by Cox Automotive Joins Forces with U.S. Army’s PaYS Program to Secure Career Opportunities for Service Members

3 min read

ATLANTA and INDIANAPOLIS, March 14, 2024 – Fleet Services by Cox Automotive announced its commitment to the U.S. Army’s Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army. The two organizations signed an official partnership agreement during a ceremony on Monday at Fleet Services by Cox Automotive in Indianapolis. … Continued

U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes

8 min read

ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market … Continued

DealShield® Crosses Major Milestone Fueled by Ongoing Dealer Demand and Satisfaction

3 min read

ATLANTA – March 12, 2024 – DealShield®, the wholesale industry’s best purchase protection solution, has surpassed a major milestone: $80 billion in vehicle value guaranteed since launching nationally 10 years ago. That’s more than 4.5 million vehicles dealers have purchased with the utmost peace of mind—and it’s no wonder why. With its truly hassle-free return experience, the DS360 … Continued

Cox Automotive Forecast: New-Vehicle Sales Pick Up in February After Slow Start to 2024

3 min read

Updated, March 4, 2024 – As forecast by the Cox Automotive team, new-vehicle sales in the U.S. picked up in February, as warmer weather and increasing consumer sentiment as measured by Morning Consult combined to help sales improve notably from the January slowdown. Total new-vehicle sales in February are now estimated at 1.25 million, above our … Continued

FleetNet America by Cox Automotive is Changing the Game for Fleets Everywhere

4 min read

ATLANTA, Feb. 22, 2024 – One year after joining Cox Automotive, FleetNet America will share how it’s evolving the maintenance experience for fleets at this year’s Technology & Maintenance Council Meeting in New Orleans from March 4-7, 2024. FleetNet is proud to offer the nation’s largest network of vetted service providers and industry-leading 24/7/365 customer … Continued

Fleet Services by Cox Automotive Moves the Fleet Industry Forward

4 min read

ATLANTA, Feb. 19, 2024 – Fleet Services by Cox Automotive is ready to showcase its leadership and expanded reach of on-site mobile service, emergency mobile service, shop and trailer sales across the nation at this year’s Technology & Maintenance Council Meeting in New Orleans from March 4-7. In 2024, the company is better equipped than … Continued