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Cox Automotive

4 Marketing Strategies for Overcoming Inventory Shortages

Every dealership is dealing with inventory acquisition challenges. It’s an industry-wide issue that has had a profound impact on profitability. And while some dealers are choosing to “wait out” the inventory shortage, others are succeeding now.

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Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry

According to the Cox Automotive June sales forecast, the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well below last year’s 15.5 million level.

Cox Automotive: Wholesale Used-Vehicle Prices Unchanged in First Half of June From Seasonal Adjustment

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were essentially unchanged from May after the first 15 days of June.

Cox Automotive Dealer Sentiment Index: With COVID-19 Concerns Mostly in the Rearview Mirror, Auto Dealers’ Attention Turns to Inflation, High Costs and Tight Inventory

U.S. automobile dealer sentiment in the second quarter of 2022 softened as U.S. auto dealers’ attention turned to inflation, high costs and tight inventory, marking the fourth straight quarter-over-quarter decline in market sentiment.

Cox Automotive: Wholesale Used-Vehicle Prices Increase in May

All major market segments saw seasonally adjusted prices that were higher year over year in May, except for pickups.

Cox Automotive: Surging Gas Prices Drive Shopping for Electrified Vehicles

Gas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models.

Cox Automotive’s Upside™ Delivers a Vibrant Wholesale Marketplace with Advantages for Buyers and Sellers

First Upside Direct sales deliver enhanced profitability to sellers and value to buyers looking for much needed inventory.

With New-Vehicle Prices Climbing in April, Affordability Declines Further

New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.

Cox Automotive: Car Buyers Report Higher Satisfaction When Using Digital Financing Tools

Cox Automotive has been researching the car-buying process for 12 years and, with the release of this new study, is diving into the financing aspect of the car buying process for the first time.

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Cox Automotive: 10 Takeaways from U.S. Auto Sales in Q1 2022

The team at Kelley Blue Book has assembled two broad reports from the first quarter: One is a look across industry-wide U.S. sales in Q1, the other a narrow review of electrified vehicle sales in the U.S., the combined sales of hybrids, plug-in hybrids and EVs.

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