Cox Enterprises

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

Retrieved on: 
Friday, April 5, 2024
Smoke, Health, SUV, MMR, EVS, SAAR, Transport, Cox Enterprises, Index, Mileage, Government, Propane

Spring bounce in vehicle sales ended early this year, with both wholesale and retail sales slowing in the final week of Q1.

Key Points: 
  • Spring bounce in vehicle sales ended early this year, with both wholesale and retail sales slowing in the final week of Q1.
  • ATLANTA, April 5, 2024 /PRNewswire/ -- 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.
  • In March, Manheim Market Report (MMR) values saw weekly increases slightly below long-term averages for the last several weeks.

Captain Planet Foundation Raises More Than $800,000 at Annual Gala Honoring Environmental Heroes Josh Bernstein and Oluwaseyi Moejoh

Retrieved on: 
Sunday, March 17, 2024
Cox Media Group, Lindblad, History, Genuine Parts Company, Into, Georgia Aquarium, Gala, NFL, Corporate responsibility, HRH, The Coca-Cola Company, NASA, Eurosport 1, Chef, Climate change, Knowledge, Cat, Superhero, Student, STEM, Discovery, Francis Ford, Environment, Cox Enterprises, School, Social impact, Environmental justice, Atlanta Gas Light, Ray, Day, Unknown, Delta Air Lines

ATLANTA, March 17, 2024 (GLOBE NEWSWIRE) -- Last night, Captain Planet Foundation, the global non-profit, held their annual Gala at Flourish Atlanta and recognized environmental heroes, Josh Bernstein and Oluwaseyi Moejoh. Additionally, Cox Enterprises received the Corporate Superhero for the Earth Award. The benefit raised more than $800,000 to support the Foundation’s worldwide educational programming and grant-making efforts to engage and empower young people to be problem solvers for the planet. The Gala was hosted by Atlanta Journal-Constitution’s The Monica Pearson Show host, Monica Kaufman Pearson.

Key Points: 
  • ATLANTA, March 17, 2024 (GLOBE NEWSWIRE) -- Last night, Captain Planet Foundation , the global non-profit, held their annual Gala at Flourish Atlanta and recognized environmental heroes, Josh Bernstein and Oluwaseyi Moejoh.
  • The Gala was hosted by Atlanta Journal-Constitution’s The Monica Pearson Show host, Monica Kaufman Pearson.
  • More than 400 guests were in attendance to celebrate the honorees and the impact that Captain Planet Foundation has had on youth around the world.
  • Captain Planet Foundation also introduced the Laura Turner Seydel Legacy Fund which will support the Planeteer Alliance, additional scholarships, and programing for the Foundation.

Haig Partners releases the Q4 2023 Haig Report®, which tracks trends and their impact on dealership values

Retrieved on: 
Tuesday, March 26, 2024
Retail, Commercial Building & Real Estate, Automotive Manufacturing, Construction & Property, Manufacturing, Finance, Banking, Accounting, Professional Services, Trucking, Other Retail, General Automotive, Transport, REIT, Automotive, Logistics, Supply Chain Management, Partner, Original equipment manufacturer, Mercedes-Benz, Life, Sale, J.D. Power, Record, Toyota, Pleasure, Kia, BMW, Cox Enterprises, ATP, Multimedia, Lithia, Car dealership

Haig Partners LLC , released its closely followed Haig Report® for Q4 2023, which tracks trends in auto retail and their impacts on dealership values.

Key Points: 
  • Haig Partners LLC , released its closely followed Haig Report® for Q4 2023, which tracks trends in auto retail and their impacts on dealership values.
  • (Graphic: Business Wire)
    In 2023, Haig Partners advised on two record-setting deals, fetching the highest price for Toyota and Stellantis dealerships.
  • Average estimated profits per dealership were 78% higher in Q4 2023 compared to Q4 2019, before the pandemic hit.
  • Alan Haig , President of Haig Partners, shared, “We are seeing mixed trends in auto retail today, which are pushing down dealership profits and dealership values.

Hyundai Santa Fe and Kona Named to Autotrader's Best New Cars For 2024 List

Retrieved on: 
Wednesday, April 3, 2024
Hyundai Santa Fe, Humanity, SUV, Cox Enterprises, Hyundai Motor America, Hyundai Motor Company, Auto Trader, ICE, Safety, Cox, Multimedia, Marketing, Certified pre-owned

Santa Fe recognized for setting a new standard in its segment with distinct styling, class-leading cabin tech and impressive interior and cargo space

Key Points: 
  • Santa Fe recognized for setting a new standard in its segment with distinct styling, class-leading cabin tech and impressive interior and cargo space
    Subcompact Kona applauded for its futuristic design, refined interior, and impressive performance
    Kona offered with buyer's choice of ICE or all-electric power; Santa Fe to be available with ICE and hybrid drivetrains
    FOUNTAIN VALLEY, Calif., April 3, 2024 /PRNewswire/ -- The 2024 Hyundai Santa Fe and 2024 Kona SUVs have been named to Autotrader's Best New Cars for 2024 list.
  • This year, the Santa Fe and Kona stand among a select group of 11 cars, trucks, and SUVs to receive this prestigious acknowledgment.
  • "We are proud that the Santa Fe and Kona have been recognized for receiving Autotrader's Best New Cars for 2024 Award," said Olabisi Boyle, senior vice president, product planning and mobility strategy, Hyundai Motor North America.
  • The Best New Cars for 2024 comprises 11 vehicles selected by a team of experts at Autotrader.

Eucon Americas names Paul Zorrilla as Managing Director LATAM

Retrieved on: 
Thursday, March 28, 2024
ROI, Business development, Original equipment manufacturer, Software, Cox Enterprises, Region, Marketing, LATAM, Human

ATLANTA and MUENSTER, Germany, March 28, 2024 /PRNewswire-PRWeb/ -- Eucon LATAM is a fully owned subsidiary of Eucon Americas, LLC, based in Atlanta, USA. Paul was announced as Regional Director when the subsidiary first opened in April 2023. Since then, the LATAM research team has grown exponentially and now consists of more than 25 mechanical engineers and technicians with in-depth expertise in the aftermarket of the major countries in the region.

Key Points: 
  • Eucon Americas LLC is pleased to announce Paul Zorrilla as Managing Director LATAM.
  • ATLANTA and MUENSTER, Germany, March 28, 2024 /PRNewswire-PRWeb/ -- Eucon LATAM is a fully owned subsidiary of Eucon Americas, LLC, based in Atlanta, USA.
  • "With the promotion of Paul to Managing Director LATAM, we are expressing our appreciation for his outstanding leadership and unwavering dedication in driving the expansion into the Latin American market over the last few years.
  • Paul Zorrilla joined Eucon in 2018 as Business Development Manager for LATAM and became Regional Director in 2020.

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

Retrieved on: 
Wednesday, March 27, 2024
Health, EVS, OBD II, Partnership, Internet of things, Cox Communications, OBD, Vandopsis, Chemistry, Cox Enterprises, CRS

ATLANTA, March 27, 2024 /PRNewswire/ -- 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 they need to make more informed and confident decisions.

Key Points: 
  • ATLANTA, March 27, 2024 /PRNewswire/ -- 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.
  • Cox Automotive's VIN-specific solution, developed by its EV Battery Solutions team, uses Manheim's LotVision technology to quickly assess the battery in each unique vehicle and automatically transmit in-depth battery health information to condition reports (CRs) and vehicle detail pages (VDPs) on Manheim.com .
  • "EV battery health scores that are based on make/model averages are just that…average," said Steve Rowley, president of Cox Automotive.
  • In April, clients will begin seeing the expanded battery health information on Manheim CRs and VDPs across most makes and models.

Cox Enterprises Launches Cox Farms, One of the Largest Greenhouse Growers in North America

Retrieved on: 
Tuesday, March 26, 2024
Pesticide, Health, Farmer, Cox Enterprises, Agriculture, Vegetable, Partnership, Name, Farm, Climate, Food, Seed, Investment, Workforce, Cox, Calendar

ATLANTA, March 26, 2024 /PRNewswire/ -- Today, Cox Enterprises announces the launch of Cox Farms, a new business focused on sustainable food and agriculture.

Key Points: 
  • Today, Cox Farms includes indoor farming companies Mucci Farms and BrightFarms, and it will continue to pursue additional ventures and investments in the indoor agriculture space.
  • Cox Enterprises, a multigenerational family-owned business, has a long history in agriculture dating back 125 years when Ohio farmer-turned-entrepreneur James M. Cox planted the seeds for his first business venture.
  • With Mucci Farms and BrightFarms in its growing portfolio, Cox Farms is one of the largest greenhouse operators in North America, harvesting 360 million pounds of produce annually.
  • Re-imagining agriculture, Cox Farms achieves stable conditions in greenhouses, with a higher yield per acre, and no harmful chemicals or pesticides.

Cox Automotive Forecast: March New-Vehicle Sales To Increase 4.5% From Year Ago Levels As U.S. Market Continues to Normalize

Retrieved on: 
Tuesday, March 26, 2024
SAAR, Swings, Cox Enterprises, Weather

March's sales volume is expected to reach 1.45 million units, a 4.5% increase from one year ago and a 14.4% increase from February.

Key Points: 
  • March's sales volume is expected to reach 1.45 million units, a 4.5% increase from one year ago and a 14.4% increase from February.
  • ATLANTA, March 26, 2024 /PRNewswire/ -- 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.
  • Sales volume in March, when announced early next month, is expected to show gains over March 2023 and 2022 as the market continues to expand.

Carbyne Secures Investment from AT&T Ventures & Socium Ventures

Retrieved on: 
Wednesday, March 20, 2024
Cloud, Universe, Emergency, Public security, Growth, CIA, Environment, Partner (business rank), Cox Enterprises, OTT, AI, APEX, GMR, Learning curve, Investment, AT&T, Former

NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .

Key Points: 
  • NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .
  • The investment follows a successful launch of the relationship between AT&T and Carbyne, which was announced in June.
  • "In 2023, Carbyne experienced transformative growth in the U.S.," said Amir Elichai, Carbyne CEO.
  • "AT&T Ventures is investing in disruptive companies that are developing advanced connectivity solutions to drive innovation forward," said Vikram Taneja, Head of AT&T Ventures.

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

Retrieved on: 
Wednesday, March 13, 2024
Smoke, EV, Environment, EVS, COVID-19, Interest, Sale, Economy, Cox Enterprises, Index, Optimism, Advertising, Car dealership

With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers see their inventory growing, not declining.

Key Points: 
  • With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers see their inventory growing, not declining.
  • Interest rates, the economy and market conditions remain the top concerns for U.S. auto dealers but improved compared to Q4 2023.
  • While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1.
  • According to U.S. auto dealers, the current sales environment for new and used vehicles has improved over last quarter but remains lower year over year.