Associated tags: Cox Enterprises, Family, Cox Automotive, Auto Trader, EV
Locations: OHIO, KENTUCKY, US, CHEVROLET, MERCEDES, SANTA FE, NORTH CAROLINA, NEW ORLEANS, FORT LAUDERDALE, FL, INDIANA, GEORGIA, VIN, TESLA
ATLANTA and BEAVERTON, Ore., May 7, 2024 /PRNewswire/ -- Cox Automotive , the world's largest automotive services and technology provider, and Canopy Connect, the leading insurance verification platform, today announced a new collaboration to embed insurance verification and servicing capabilities into Cox Automotive's Ecommerce solution to enhance the online car buying experience for consumers and dealerships.
Key Points:
- ATLANTA and BEAVERTON, Ore., May 7, 2024 /PRNewswire/ -- Cox Automotive , the world's largest automotive services and technology provider, and Canopy Connect, the leading insurance verification platform, today announced a new collaboration to embed insurance verification and servicing capabilities into Cox Automotive's Ecommerce solution to enhance the online car buying experience for consumers and dealerships.
- Cox Automotive Ecommerce provides a fully automated and online consumer car buying experience.
- Approximately seventy percent of car shoppers engage in some form of ID verification during their shopping experience, according to Cox Automotive Ecommerce Platform Analytics (9/1/23-11/30/23).
- "Canopy Connect's technology helps Cox Automotive Ecommerce realize its vision for an end-to-end online car buying experience," said Tolga Tezel, founder and CEO at Canopy Connect .
To highlight the best interiors among the most affordable new vehicles this year, Autotrader, a Cox Automotive brand, recently named the Best Car Interiors Under $50,000 for 2024 .
Key Points:
- To highlight the best interiors among the most affordable new vehicles this year, Autotrader, a Cox Automotive brand, recently named the Best Car Interiors Under $50,000 for 2024 .
- "Shoppers don't have to spend top dollar to get a great interior in a new car," said Brian Moody, executive editor for Autotrader.
- All of the 2024 Best Interiors Under $50,000 vehicles are beautiful, comfortable and feature-laden, even in lower trim levels.
- Below, in alphabetical order by brand, are Autotrader's 2024 choices for Best Interiors Under $50,000:
Retrieved on:
Wednesday, April 24, 2024
Fewer selling days are driving adjustments to lift the sales pace, showing a healthy daily sales rate despite lower volumes.
Key Points:
- Fewer selling days are driving adjustments to lift the sales pace, showing a healthy daily sales rate despite lower volumes.
- ATLANTA, April 24, 2024 /PRNewswire/ -- Cox Automotive forecasts a decline in April's U.S. new-vehicle sales compared to last year; however, the market remains on the road to recovery, with vehicle sales at a healthy pace.
- Cox Automotive confirms its forecast that 2024 will be the best year for new-vehicle sales since 2019.
- This month, more volatility in the market is also expected, although the sales pace is anticipated to rise slightly.
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Cryptocurrency ATLANTA, April 15, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in March 2024 held mostly steady, according to an analysis by Kelley Blue Book, down 1% from the revised February ATP.
Key Points:
- ATLANTA, April 15, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in March 2024 held mostly steady, according to an analysis by Kelley Blue Book, down 1% from the revised February ATP.
- Incentives were highest for Polestar, Lucid, Tesla, Infiniti, Mini, Nissan and Volkswagen, according to Kelley Blue Book estimates.
- According to Kelley Blue Book estimates, incentives at Land Rover averaged only 2.4% of ATP.
- Last month, 30 different vehicles posted average transaction prices over $100,000, with the Mercedes G-Class on top with an ATP of $208,663.
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Wednesday, April 10, 2024
SANTA CLARA, Calif., April 10, 2024 /PRNewswire/ -- In 2023, 1.2 million U.S. vehicle buyers chose to go electric according to Kelley Blue Book, a Cox Automotive company. 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 for EV owners. These markets include; San Jose, Calif.; Salt Lake City, Utah; San Francisco; Boston; Seattle, Wash.; Durham, N.C.; Austin, Texas; Los Angeles; Washington, D.C.; Denver, Colo.
Key Points:
- In the number one EV-friendly housing market, San Jose, Calif., one in five households has an electric vehicle.
- The metro area, consequently, also saw the highest share of EV-friendly homes listed (4.9%) among all the metros in 2023.
- "We have found a clear and positive synergy between the housing market and EV adoption," remarked Jonathan Smoke, Chief Economist, Cox Automotive.
- EV-friendly homes are single-family homes and condos/townhomes/rowhomes/co-ops listed for-sale on Realtor.com® with featuring terms such as 'electric vehicles' and '240-volt outlet' in the listing descriptions.
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Health,
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EVS,
SAAR,
Transport,
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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.
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Wednesday, March 27, 2024
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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.
Retrieved on:
Wednesday, March 27, 2024
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Online shopping ATLANTA, March 27, 2024 /PRNewswire/ -- After several years of car-buying challenges due to production complications from the pandemic, 2024 is finally a great time for consumers to buy a new car, with supply evening out and more deals becoming available. Yet while some of the challenges have eased up, buying a new car is still a huge purchase decision where shoppers devote hours to researching which brand and model is best for them, and consumer perception weighs heavily into this process. Recognizing automakers' outstanding achievements in creating and maintaining brand attributes that earn the attention and enthusiasm of new-car buyers, Kelley Blue Book, a Cox Automotive company, today announces the winners of the 2024 Consumer Choice Awards. These awards – formerly known as the Brand Image Awards – are based on annual new-car shopper perception study data. Award categories are calculated among in-market luxury and non-luxury, including truck and electric vehicle (EV)/hybrid shoppers who plan to purchase within the next 12 months.
Key Points:
- Honda is the big champion in consumer perception for 2024, sweeping all but one of the non-luxury category awards.
- Mercedes-Benz brings home two 2024 Consumer Choice Awards for Most Refined Luxury Brand and Best Car Styling Luxury Brand.
- The 2024 Kelley Blue Book Consumer Choice Awards – formerly known as the Brand Image Awards – are based on consumer automotive perception data from Kelley Blue Book's Brand Watch study.
- For more information about the 2024 Kelley Blue Book Consumer Choice Awards, visit https://www.kbb.com/awards/consumer-choice-awards/ .
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.
Retrieved on:
Wednesday, March 20, 2024
Consumers can apply for financing, get approved online, and see contractable payments
Key Points:
- Consumers can apply for financing, get approved online, and see contractable payments
Wyler offers support for car buyers before, during and after the sale
CINCINNATI, March 20, 2024 /PRNewswire/ -- Jeff Wyler Automotive Family announced the first new car sold completely online with its WylerComplete tool.
- Our shoppers can buy a new car in less than 15 minutes, with the ability to get approved for financing, place their car in a shopping cart, and purchase their car 100% online," said David Wyler, President of the Jeff Wyler Automotive Family.
- The Jeff Wyler Automotive Family launched WylerComplete in July of 2022, allowing shoppers to buy a used vehicle 100% online.
- Jeff Wyler Automotive Family's new, fully online car buying experience serving the Ohio, Kentucky and Indiana market can be found at wylercomplete.com.
