Cox Automotive - Tagged Posts - Agent Entrepreneur

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.

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.

January Finishes Slow; Car Consideration Drops Further

Auto sales activity likely slowed in the final days of January, notes Cox Automotive's Chief Economist Jonathan Smoke, as consumer sentiment waned and heavy winter weather ran through major markets in the Midwest and Northeast.

Cox Automotive Acquires Fyusion

Purchase deepens collaboration, delivers future innovations benefiting clients.