Manheim Announces 2 Leadership Changes
New general managers named for Manheim Chicago Market and Manheim Houston.
High Interest Rates, Slow Economy Repress U.S. Auto Dealer Sentiment
The Q3 report is the fifth consecutive quarter with dealer sentiment below the 50 threshold.
New-Car Prices Virtually Flat YOY Due to Declining EV Prices
The average transaction price of a new vehicle in August was $48,451, up only $42 from one year ago.
Manheim Tapped to Host Digital Private Store for Fusion Auto Finance
Fusion Auto Finance is now able to consolidate its multiple disparate platforms into a single, seamless experience.
Cox Automotive’s Upside Offering Expands to West Coast
Together, Kelley Blue Book Instant Cash Offer, vAuto and the Manheim Marketplace help dealers take in vehicles at the right price while promising a profitable exit for wholesale units.
Dealerships That Employ Digital Solutions in Fixed Ops Experience Higher Profitability
Forward-thinking dealers who embrace digital technology and automation within their overall operations have a 64% higher net profit vs. static dealers.
Study: Digital Solutions in Fixed Ops Lead to Higher Service Profitability, Efficiencies
Cox Automotive surveyed more than 500 dealerships at various stages of implementing future-forward strategies designed to help them overcome future challenges.
Cox Auto Study: EV Consideration at Record High, but Dealers Feel Unprepared
The study surveyed 1,024 consumers and 152 dealers, comparing data points from EV research conducted by the company over the last several years.
As Inventory Concerns Begin to Fade, Economic Uncertainty and High Interest Rates Take Center Stage
According to the Cox Automotive Dealer Sentiment Index, the current market index is now at 45, up from 43 in Q1 but still below the threshold of 50, indicating that more dealers see the current auto market as weak than see the market as strong.
Manheim Announces 3 New General Managers in West and Central Regions
These leaders represent a combined 40 years of experience working closely with Manheim’s clients and teams to achieve mutual success.
Sales of Used EVs Increase in Q1, per Cox Automotive Estimates
Having more used EVs in the market is a key driver of the volume gains, and product availability will rapidly increase.
Online Merchandising More Important Than Ever
Data from Cox Auto shows today’s car shoppers are formulating most of their decisions before stepping foot in a dealership.