Transforming the way the world buys, sells, owns, and uses vehicles with industry-leading digital mrktg., software, financial, wholesale & e-commerce solutions.
Not a great rating, but we still love our
@MichKrebs
. Thanks for the advice,
@ratemyskyperoom
. We'll be working with Michelle to get her room up to a 10/10 in the future!
@PowerLunch
No question repos are on the rise: We are seeing significantly higher repo volume at auction, measured year-over-year. But repos were down significantly in 2021 and 2022. Regression to the Mean! And still below 2019 volume.
Just so we’re straight here,
@GoRunBuggy
is seeing repossessions rise nationwide by 5% per month while
@CoxAutomotive
observes nothing more than repossession activity continuing “to be below levels seen in 2019.”
"Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now," Sandy Schwartz, CEO
@CoxAutomotive
.
Another remarkable year at NADA has come to an end. Thank you to everyone who took the time to stop by the Cox Automotive Village in Dallas - we can't wait to continue to put the power of us to work for you.
#NADASHOW
#NADA2023
#COXAUTOMOTIVE
🚨An Important Update for Our Dealership Community:🚨
We hear your concerns, challenges, and needs. In the spirit of partnership, for Apr. & May 2020, we're providing a 50% discount on our Retail Solutions Dealer Subscription Product fees. Details here:
On this somber day especially, we proudly join countless millions throughout the nation with the conviction of indivisibility, courage, and hope. 🇺🇸
#NeverForget
Congratulations to Mark F. Bowser for being named the new executive vice president and chief financial officer for
#CoxAutomotive
, effective December 4.
@Jaldo_24
@AutomotiveLife1
@DiMartinoBooth
Wholesale values based on prices paid; dropping fast. Retail prices we report are "asking price". And remain elevated, have not fallen as much as wholesale. Dealers likely holding & hoping. But sales are slowing, as lower credit score buyers fall out of market. Story not over.
Welcome, Steve! And, thank you, Sandy, for all that you've done to help make our industry what it is today! Read
@CoxEnterprises
President and CEO
@AlexTaylor_Cox
's note below.⬇️⬇️
Congrats to three incredible Cox leaders taking on new roles: Steve Rowley, Sandy Schwartz & Keith Holmes. They’ll help fuel growth & innovation at our company.
@CoxEnterprises
@CoxAutomotive
#LifeAtCox
Shout out to our president, Sandy Schwartz. This weekend he will be named a 2019 Outstanding Business Leader honoree by Northwood University's Board of Trustees. Outstanding indeed. We knew that!
@NorthwoodU
💥 Thrilled to announce that Dickinson Fleet Services, N. America's leading mobile maintenance provider for med./heavy-duty trucks & trailers, is joining Cox Automotive's family of brands!💥
@dickinsonfleet
, welcome to the team! All the details, here:
10 coolest new cars for under $20K? Our team
@KelleyBlueBook
has the list. And this morning, Managing Editor Micah Muzio is in studio talking about them with TV news anchors across the country.
@micahmuzio
New regulations proposed by the
#EPA
were created to further push sales of EVs in the U.S. In Q1, a record number of EVs were sold, and EV market share surpassed 7% for the first time. Here's the data:
Today, we commemorate the dedication, innovation, and resilience of the U.S. auto industry. In 2020 especially, we offer our unwavering gratitude and support for all of our country's essential workers. Have a safe, restful, and happy Labor Day!
#LaborDay
#LaborDay2020
#LifeAtCox
Sure, there'll soon be auto sales numbers, used vehicle value indexes, dealer sentiment scores, and economic news to share. But first, seeing as it's now December, we just wanted to take a moment to say thanks and to wish you all
#HappyHolidays
All of us at Cox Automotive were saddened to hear this news from John Elkann, chairman of Fiat Chrysler Automobiles: “Unfortunately, what we feared has come to pass. Sergio Marchionne, man and friend, is gone.” RIP, Sergio.
Cox Automotive's 2018 Used Car Market Report & Outlook will be released next week at NADA. The annual report, now in its 23rd year, includes perspectives from across Cox Automotive’s family of brands – plenty of data, insights and observations. Look for it March 23.
As 2021 winds down, we're celebrating our team’s work and accomplishments: This past year we built 25 new products and finalized more than 50 important integrations, all to be launched by NADA in March. So proud of the Cox Automotive team. Here’s to more success in 2022!
Just a few of the many amazing moments happening in Dallas at NADA2023! One more day to visit the Cox Automotive Village - we will see you tomorrow!
#NADASHOW
#NADA2023
#COXAUTOMOTIVE
Today our team at Kelley Blue Book unveiled Ride, an all-new website built to educate consumers about the technology that is rapidly transforming the movement of people and goods. Check it out:
(link: )
@KelleyBlueBook
Congratulations to all of our
#CoxAutomotive
recipients of
@AutoRemarketing
’s "40 Under 40" award at this year’s
#UsedCarWeek
! The 2017 honorees included Chase Abbott, Mandy Savage, Scott Liniado, and Greta Crowley, as well as Chris Karwoski and Michael Sadowski (not pictured).
As the auto industry gets back on track, Memorial Day Weekend will likely be an indication of how much progress has been made. We're hoping for a weekend of strong sales.
Last summer, Conan helped his assistant buy a car and used
@AutoTrader_com
in the process. This week, their video won a Webby in the Comedy category. Watch it here:
@TeamCoco
The
#CoxAutomotive
Future of Digital Retail Study - a survey of 2.5K+ in-market shoppers - reveals the significance of providing a retail experience that connects online and in-store car-buying options. Learn the 4 Truths of “Connected” Retail:
Today, we’re launching a collection of new and updated strategies we call The Way Forward. The goal, to help you sell more cars, more efficiently than ever before. Our pledge to help you do that has never been stronger. Learn more:
#FindTheWayForward
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April in the first 15 days of May. The midmonth Manheim Used Vehicle Value Index dropped to 225.9. Here's the details:
We are excited to announce that Cox Automotive has acquired FleetNet America. The market leadership that comes with joining our two companies is unmatched in the fleet space.
Read more here:
Today's the day! We are so excited to get things rolling in Vegas for NADA 2022. We've got two can't miss workshops to kick off this amazing event. For a comprehensive look at all things Cox Automotive at NADA 2022, visit:
#NADA2022
#CoxAutomotive
Diversity & Inclusion are fundamental to our company. Which is why we're thrilled to learn that Nicole Ashe, who leads D&I for us, was inducted into the Atlanta Tribune's "Women of Excellence" Class of 2018. Congrats, Nicole!
#WeAreCoxAutomotive
#WOE2018
#Diversity
#Inclusion
Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis
For consumers coming back to the new-vehicle market after a few years, the shift is remarkable. In 2017, less than 8% of new vehicles had MSRPs over $60K. In today's market, it's more than 25%. Here's the Data Point:
Pausing to reflect on the men and women of the United States Armed Forces who gave their lives defending our country, and wishing you and your family a healthy, peaceful, and safe Memorial Day. 🇺🇸
Shout out to Grace Huang, president of our
@Manheim_US
operations! Recognized by
@Automotive_News
as a Champion of Diversity. So proud that Grace is on our team.
The Cox Automotive Used Car Market Report & Outlook is now live! Now in its 23rd year, this new and expanded edition builds on the legacy of Manheim’s thorough coverage of the wholesale used market by adding new insights related to the retail market.
After being postponed twice due to COVID, the
@kpcharityride
is officially set to hit the road for its 26th Anniversary...and we're revving up with them! We can't wait to help
@kylepetty
and the Riders raise $$ to send kids to
@VictoryJunction
! Read more:
Congrats to Scott Maybee, new president at
@NextGearCapital
. After a stint as GM at Manheim Northstar Minnesota, named to Best Auto Auctions to Work For list by
@AutoRemarketing
, Scott will oversee the leading finance provider for independent auto dealers.