Kelley Blue Book

Kelley Blue Book Announces 2023 Best Resale Value Award Winners

Retrieved on:

Monday, March 6, 2023

Kelley Blue Book, Cox Enterprises, ATP, Lexus, MSRP, Three-phase electric power, Electric vehicle, Electric truck, Depreciation, Electric car, Auction, Car rental

ATLANTA, March 6, 2023 /PRNewswire/ -- While most car buyers understand their vehicle will depreciate – many have heard the old adage, "a vehicle loses value the moment you drive it off the lot!" – the average person may not be fully aware to what extent and how much this amount can vary from one model to the next. Understanding a car's resale value can make the difference of hundreds, if not thousands, of dollars in the long run. To help new-car buyers shop smart, Kelley Blue Book, a Cox Automotive company, today announces the 2023 model-year brand, category, and top 10 winners of the 21st annual Best Resale Value Awards, recognizing vehicles for their projected retained value through the initial five-year ownership period.

Key Points:

To help new-car buyers shop smart, Kelley Blue Book, a Cox Automotive company, today announces the 2023 model-year brand, category, and top 10 winners of the 21st annual Best Resale Value Awards , recognizing vehicles for their projected retained value through the initial five-year ownership period.
"Toyota wins Best Resale Value: Brand for 2023, while its sibling Lexus wins Best Resale Value: Luxury Brand, both enjoying top honors for the second consecutive year," said Janice Yoell, senior manager of valuations for Kelley Blue Book.
"In addition, Kelley Blue Book made some changes to the vehicle categories for the 2023 Best Resale Value Awards, adding additional categories to reflect the growing electric vehicle market.
For 2023, Lexus celebrates its second consecutive win and fourth time overall winning the award for Best Resale Value: Luxury Brand.

Cloud Theory Announces Ron Boe as Chief Revenue Officer and Rick Wainschel as Vice President of Data Science & Analytics

Retrieved on:

Tuesday, February 21, 2023

Cloud, CMO, CCO, Organization, National accounts, Epsilon, The Wall Street Journal, Kantar, Entrepreneurship, Cox Enterprises, CPO, Data science, Marketing, Time Inc., Auto Trader, Kelley Blue Book, GM, Management, Cryptocurrency

GRAND RAPIDS, Mich., Feb. 21, 2023 /PRNewswire/ -- New software company Cloud Theory announces two key additions to their team, Ron Boe and Rick Wainschel.

Key Points:

GRAND RAPIDS, Mich., Feb. 21, 2023 /PRNewswire/ -- New software company Cloud Theory announces two key additions to their team, Ron Boe and Rick Wainschel.
Ron will now play a crucial role at Cloud Theory as Chief Revenue Officer.
Rick will now serve as Vice President of Data Science and Analytics for Cloud Theory.
"I'm extremely proud to have Rick, an industry veteran, leading our data and analytics organization to solve the big data gaps in the automotive industry," says Nick Dionne, Chief Product Officer of Cloud Theory.

Cox Automotive Teams with Roku to Measure how TV Streaming Impacts the Consumer Automotive Journey

Retrieved on:

Wednesday, February 1, 2023

Today, Cox Automotive and Roku (Nasdaq: ROKU) announce they will pair industry-leading data from Cox Automotive with TV streaming data from Roku, the #1 TV streaming platform in the U.S., Canada, and Mexico*, to better measure TV streaming advertising.

Key Points:

Today, Cox Automotive and Roku (Nasdaq: ROKU) announce they will pair industry-leading data from Cox Automotive with TV streaming data from Roku, the #1 TV streaming platform in the U.S., Canada, and Mexico*, to better measure TV streaming advertising.
According to SMI’s December Forecast for TV & Streaming, TV streaming ad spend in the auto category grew +35% YOY in 2022 vs. +7% YOY in 2021**.
This partnership makes Roku the first TV streaming pilot partner to offer and market Cox Automotive data for measurement in the TV streaming category.
Cox Automotive can then deliver reports that tie streaming ad exposure to consumer behaviors across Cox Automotive properties.

Open Lending Appoints Kevin Filan as Senior Vice President of Marketing

Retrieved on:

Thursday, January 26, 2023

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced the appointment of Kevin Filan as Senior Vice President of Marketing.

Key Points:

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or “the Company”), an industry trailblazer in lending enablement and risk analytics solutions for financial institutions, today announced the appointment of Kevin Filan as Senior Vice President of Marketing.
Kevin joins Open Lending after spending over 11 years at Cox Automotive where he led the company’s marketing teams across many of their brands to include Autotrader, Kelley Blue Book, DealerTrack, vAuto, and Manheim Auctions, as well as the marketing integration of various acquisitions in the wholesale and retail software space.
Open Lending’s CEO, Keith Jezek said, “I am delighted to welcome Kevin to Open Lending’s management team.
Before he embarked on his career in Marketing, Kevin spent 14 years as an officer and naval aviator in the United States Navy.

Mitchell Publishes Electric Vehicle Collision Insights Report

Retrieved on:

Wednesday, February 15, 2023

SAN, Insurance, Property & Casualty Management Systems, Collision, Car, Volvo, Kelley Blue Book, Mitchell, P&C, EV, Property, Service King Collision Repair, GM, Audi

SAN DIEGO, Feb. 15, 2023 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the availability of its latest trends publication: Plugged-In: EV Collision Insights. The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data.

Key Points:

SAN DIEGO, Feb. 15, 2023 /PRNewswire/ -- Mitchell, an Enlyte company and leading technology and information provider for the Property & Casualty (P&C) claims and Collision Repair industries, today announced the availability of its latest trends publication: Plugged-In: EV Collision Insights.
The new quarterly report provides auto insurance and collision repair executives with up-to-date information on electric vehicle claims and market data.
As consumer adoption increases, vehicle manufacturers including Audi, GM and Volvo are pledging to go all-electric in the future—putting more of these automobiles on the road and, potentially, in a collision repair shop.
"EVs introduce some unique challenges to both insurers and repairers," said Ryan Mandell, director of claims performance at Mitchell.

Luxury Share of U.S. Market Sets New Record in January, as Transaction Prices Remain Up 5.9% Year Over Year, According to Kelley Blue Book

Retrieved on:

Monday, February 13, 2023

Luxury brand sales jumped to a record 19.6% share of total sales, propping up the overall industry ATP.

Key Points:

Luxury brand sales jumped to a record 19.6% share of total sales, propping up the overall industry ATP.
New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released today by Kelley Blue Book, a Cox Automotive company.
Luxury Share Hits Record High, While Average Prices Fall in January
Strong luxury vehicle sales have been a primary reason for overall elevated new-vehicle prices.
In January 2021, before the new-vehicle inventory decline, incentives averaged 8.6% of ATP, according to Kelley Blue Book estimates.

EV Charging Pioneer SWTCH Energy Selects Sitetracker for Deployment Across North America

Retrieved on:

Friday, February 10, 2023

Electricity, Maintenance, Software, U.S. Department of Defense Strategy for Operating in Cyberspace, U.S. Department of Energy, Office of Inspector General, EV, Volta, Growth, EVgo, ChargePoint, Kelley Blue Book, Fireworks

MONTCLAIR, N.J., Feb. 10, 2023 /PRNewswire/ -- Sitetracker , the leading deployment operations management software for critical infrastructure providers, has been selected by SWTCH Energy , specializing in electric vehicle (EV) charging solutions for multi-tenant properties.

Key Points:

MONTCLAIR, N.J., Feb. 10, 2023 /PRNewswire/ -- Sitetracker , the leading deployment operations management software for critical infrastructure providers, has been selected by SWTCH Energy , specializing in electric vehicle (EV) charging solutions for multi-tenant properties.
SWTCH's smart EV charging platform streamlines the charging experience for drivers while maximizing efficiency in electricity use and revenue for building owners.
"As we continue to scale our EV charging solution, Sitetracker's intelligent software is a key piece to ensuring our growth is managed effectively," said Carter Li, CEO of SWTCH Energy.
With Sitetracker, SWTCH can anticipate new efficiencies in EV charging station deployments, operations and maintenance while the company scales its customer base.

Cox Automotive Pilots New Mobile EV Battery Health Tool at Manheim Sites Nationwide

Retrieved on:

Tuesday, January 24, 2023

Trust, Health, Sale, Dongle, Cox Enterprises, Growth, Automotive industry, VIN, Battery electric vehicle, Kelley Blue Book, AVP, EVS, Fireworks, Mobile phone, Lithium, Electric battery, EV

Cox Automotive's leading-edge mobile EV Battery Health tool will enable buyer confidence, drive residual value retention and support new and used electric vehicle (EV) adoption.

Key Points:

Cox Automotive's leading-edge mobile EV Battery Health tool will enable buyer confidence, drive residual value retention and support new and used electric vehicle (EV) adoption.
To drive confidence and transparency in the new and used electric vehicle (EV) market and help optimize EV battery first life, Cox Automotive today announced the next phase of its pioneering approach to EV Battery Health scoring and diagnostics.
"We take pride in our EV battery diagnostic tool and grading system, and the benefits it brings the secondary vehicle market as an independent third-party standard for EV battery health are unmatched in the industry," said Lea Malloy, AVP of EV Battery Solutions, Cox Automotive Mobility.
For more information about Cox Automotive's EV Battery Health tool or to participate in a future pilot, visit https://www.coxautoinc.com/mobility/ev-battery/ .

Cox Automotive's Car Buyer Journey Study Shows Growing Frustration with Car Buying Process

Retrieved on:

Wednesday, January 18, 2023

ATLANTA, Jan. 18, 2023 /PRNewswire/ -- New research released today by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year.

Key Points:

ATLANTA, Jan. 18, 2023 /PRNewswire/ -- New research released today by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year.
The 2022 Car Buyer Journey Study reveals vehicle buyers were frustrated with high prices, limited availability, and the amount of time required to complete the process.
Research released today by Cox Automotive shows that satisfaction with the car buying process declined again in 2022.
Since 2009, Cox Automotive's annual Car Buyer Journey Study has offered a comprehensive look at the overall vehicle buying process in the United States, with an eye toward consumer satisfaction.

Cox Automotive Leads the Way to NADA 2023 with New Solutions for Retail, Inventory and EV Readiness

Retrieved on:

Wednesday, January 18, 2023

Dealerships deploying multiple Cox Automotive solutions are averaging 23% higher close rates, 63% more leads, and $187,000 per month more in profit.

Key Points:

Dealerships deploying multiple Cox Automotive solutions are averaging 23% higher close rates, 63% more leads, and $187,000 per month more in profit.
Cox Automotive, the world's largest automotive services and solutions provider, is the largest exhibitor at NADA2023.
"We take pride in our EV battery diagnostic tool and grading system," said Lea Malloy, AVP of EV Battery Solutions, Cox Automotive Mobility.
For more information about Cox Automotive at the NADA Show 2023 , or to speak to anyone on the Cox Automotive team, reach out to the Cox Automotive Public Relations team .