Solera

NOVEMBER 15, 2023

By Javed, Sonia Solera Holdings, LLC, a global leader in vehicle lifecycle management, has unveiled a pioneering study that compares repair costs between electric vehicles (EVs) and internal combustion engine (ICE) vehicles. serves as the study’s model for comparison in both its EV and ICE variants.

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Collision Repair Electric Vehicles Software Vehicle 130

Auto Remarketing

DECEMBER 12, 2023

Dealership service departments are not only losing market share to general repair shops — they’re also losing the trust of consumers, according to the latest research by Cox Automotive. in 2023, down from 35% in the most recent previous survey in 2021. Dealerships were preferred by 31% of the respondents, down from 35% in 2021.

General Repair 98

General Repair Electric Vehicles Vehicle Tire Rotations 98

AutoSuccess

JANUARY 5, 2024

New research released by Cox Automotive on the U.S. vehicle service industry shows that franchised dealerships continue to lose share to general repair shops. down from 35% in 2021. in 2021 (the last time the service study was released), but down from an average of 2.8 quick lube locations, service centers.)

General Repair 52

General Repair Automotive Services Automotive Electric Vehicles 52

Tomorrow's Technician

JULY 16, 2024

Despite facing many challenges, the global automotive industry performed well in 2023, according to JATO Dynamics. In addition to this, the strong push from the local authorities to incentivize demand for electric vehicles (EVs) also contributed to accelerated sales, JATO data found.

Car 130

Car Electric Vehicles Manufacturing Vehicle 130

Jalopnik

JANUARY 19, 2024

When the Bipartisan Infrastructure Bill passed in late 2021, it got a lot of attention for funding electric vehicle charging , high-speed rail , bridge maintenance and a lot of other basic infrastructure needs.

Electric Vehicles 64

Electric Vehicles IT Car Electricity 64

AutoSuccess

JUNE 30, 2023

Despite growing interest, a gap exists between consumer enthusiasm for electric vehicles (EVs) and their actual purchasing decisions, according to new research released today by Cox Automotive. automotive dealers regarding sales and service. in 2023, a record and more than twice the volume sold in 2021.

Electric Vehicles 52

Electric Vehicles Automotive Electricity Vehicle 52

Auto Remarketing

JULY 15, 2024

For the first time ever, an electric vehicle was the month’s best-selling vehicle at Manheim. 3, Cox Automotive senior analyst Scott Vanner said during the company’s recent quarterly call to discuss the Manheim Used Vehicle Value Index. Electrics command a 2.1% The post A first for Manheim: EV is No.

Electric Vehicles 52

Electric Vehicles Electricity Automotive Vehicle 52

AutoSuccess

JUNE 10, 2024

A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. Last year, EV sales in the U.S. after peaking in 2022.

Electric Vehicles 52

Electric Vehicles Electricity Automotive Vehicle 52

AutoSuccess

DECEMBER 5, 2023

Toyota will invest an additional $8 billion in its first North American electric vehicle battery manufacturing facility, announced the Economic Development Partnership of North Carolina, adding another 3,000 jobs. billion investment in 2021, with expansions in 2022 and 2023. Now valued at $13.9

Electric Vehicles 52

Electric Vehicles Manufacturing Electricity Vehicle 52

AutoSuccess

FEBRUARY 19, 2024

Cox Automotive ‘s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. At 80%, new electric vehicle (EV) buyers continue to report the highest levels of satisfaction with the process.

Car 80

Car Vehicle Retail Automotive 80

Auto Remarketing

JULY 9, 2024

The respective Black Book and Cox Automotive used-vehicle value indices both reached their lowest levels since March 2021, but the erosion in wholesale prices could be on its way out, according to analysis accompanying one of the reports. Cox’s Manheim Used Vehicle Value Index came in at 196.1 last month, down 8.9%

Vehicle 52

Vehicle Retail Automotive Electric Vehicles 52

AutoSuccess

SEPTEMBER 26, 2023

auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). After hitting an all-time high in Q2 2021 of 67, the current market index has been sliding downward. . The overall profits index hit an all-time high two years ago, at 60 in Q3 2021, and has been sliding ever since. Overall dealer sentiment in the U.S.

Auto Market 52

Auto Market Electric Vehicles Automotive Vehicle 52

AutoSuccess

JANUARY 29, 2024

auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. For the U.S. auto industry.

Auto Market 40

Auto Market Electric Vehicles Automotive Electricity 40

Auto Remarketing

MARCH 13, 2024

Auto dealers still don’t like the look of the current market for vehicles. The Cox Automotive Dealer Sentiment Index for the first quarter of 2024 shows dealers’ view of the market has improved only slightly, up to 42 (out of 100) from Q4 2023’s dismal score of 40 — the lowest since the beginning of the COVID pandemic in the spring of 2020.

Electric Vehicles 52

Electric Vehicles Automotive Vehicle Electricity 52

AutoSuccess

DECEMBER 13, 2024

The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. “The recent resolution of political uncertainty following the presidential election has cleared the path for a more optimistic outlook on future auto market conditions,” said Jonathan Smoke , chief economist at Cox Automotive.

Automobile 52

Automobile Auto Market Retail Automotive 52

Auto Remarketing

JUNE 17, 2024

With the first installment titled, “Shifting Gears: A Comprehensive Overview of Automotive Trends in 2023,” experts released the 2024 Vehicle Depreciation Report , which presents key developments and data from the U.S. new- and used-vehicle markets, including notable trends in depreciation, sales and fleet performance.

Vehicle 52

Vehicle Electric Vehicles Electricity Automotive 52

Auto Remarketing

JANUARY 17, 2024

1 electric vehicle choice among Carvana’s customers in 2023. Just like in 2022 and 2021. In its recent Most Popular Used Cars in 2023 study , the automotive research firm found the Model 3 accounted for a staggering 34.9% The Tesla Model 3 was the No. That said, the gap is narrowing.

IT 52

IT Electric Vehicles Used Cars Electricity 52

AutoSuccess

MARCH 19, 2024

The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. “The vehicle market in the U.S.

Automotive 52

Automotive Vehicle Automobile Electric Vehicles 52

Auto Remarketing

APRIL 9, 2024

Among those sales, the sell-side advisors for auto dealers said, was the third-largest transaction in auto retail history – the sale of Jim Koons Automotive’s 20 dealerships, generating $3 billion in revenue, to Asbury Automotive Group. The report said thanks to “significant access to capital” 680 franchises were sold, up 5.4%

Retail 52

Retail Electric Vehicles Management Electricity 52

AutoInc.

AUGUST 16, 2024

The Automotive Service Association (ASA) is not anti-EV or pro-EV. We just want to make sure that our members are in a position to service the vehicles that enter their facilities. On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5

Auto Repair 52

Auto Repair Technical Vehicle Electric Vehicles 52

AutoInc.

AUGUST 16, 2024

The Automotive Service Association (ASA) is not anti-EV or pro-EV. We just want to make sure that our members are in a position to service the vehicles that enter their facilities. On top of enacting a major regulation that will dramatically upend the automotive industry, the federal government allocated $7.5

Vehicle 52

Vehicle Auto Repair Technical Electric Vehicles 52

AutoSuccess

AUGUST 16, 2024

BendPak continues to improve its industry-leading Mobi-EVS Series of EV battery and powertrain lifting systems to enhance technician productivity and ergonomics when working with heavy electric vehicle battery packs, traditional powertrains or other bulky vehicle components. The Mobi-EVS3000 can lift up to 3,000 pounds.

Electric Vehicles 52

Electric Vehicles Electricity Engineering Trucking 52

Auto Remarketing

JUNE 17, 2023

Electric vehicles continue to gain the acceptance of new-vehicle shoppers — but it’s not happening rapidly, according to a new survey. Electric Vehicle Consideration Study found 26% of shoppers said they are “very likely” to consider purchasing an EV, up from 24% in 2022. Power 2023 U.S. Power EV studies.

Electric Vehicles 40

Electric Vehicles Electricity Vehicle Engineering 40

AutoSuccess

JUNE 11, 2024

The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. Cox Automotive Chief Economist Jonathan Smoke noted, “There is a lot of uncertainty in this market, leaving consumers and dealers alike unsure of the road ahead.

Automobile 52

Automobile Automotive Vehicle Retail 52

Auto Remarketing

JUNE 12, 2024

In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Methodology The Q1 2024 Cox Automotive Dealer Sentiment Index is based on a survey of 1,026 U.S.

Automotive 52

Automotive Automotive Marketing Auto Market Retail 52

Auto Remarketing

JUNE 27, 2023

Initial Quality Study, the number of problems per 100 vehicles (PP100) has risen by a record 30 PP100 over the past two years. The study reported an industry average of 192 PP100, an increase of 12 PP100 over the 2022 number, which was up by 18 PP100 over 2021. PP100) and forward collision warning/automatic emergency braking (5.0

Car 52

Car Manufacturing Vehicle Electric Vehicles 52

AutoSuccess

FEBRUARY 13, 2025

The monthly new-vehicle average transaction price (ATP) report from Cox Automotives Kelley Blue Book was released. Key takeaways in January include: The new-vehicle ATP in January was lower versus December by 2.2%, falling to $48,641. A year ago, the new-vehicle ATP was $48,031. of ATP in December to an average of 7.2%

Vehicle 40

Vehicle Automotive Electric Vehicles Management 40

Auto Service World

JANUARY 15, 2025

To read the news, one wouldnt be faulted to think that battery electric vehicles and plug-in hybrid electric vehicles are falling out of favour with Canadians and the vehicle-buying public around the world. In September, Swedish automaker Volvo scaled back on its pledge to be fully electric by 2030.

Electric Vehicles 275

Electric Vehicles Electricity Vehicle Manufacturing 275

Auto Remarketing

MARCH 28, 2024

The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release.

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Finance Vehicle Automotive Marketing Retail 52

Tire Review Magazine

NOVEMBER 13, 2024

However, that doesn’t rule out the possibility of partial repeals, particularly for the IRA, which could include capping or shortening the duration of availability for some tax credit incentives, eliminating the individual electric vehicle tax credit, and reversing regulations on emission standards.

Automotive 40

Automotive Banking Electric Vehicles IT 40