Cox Automotive

JustAnswer Year-in-Review "Curiosity Report" Unveils 2022's Top Trending Topics

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Tuesday, December 27, 2022

SAN FRANCISCO, Dec. 27, 2022 /PRNewswire/ -- JustAnswer, the leading online platform connecting people with doctors, lawyers, veterinarians, mechanics and other experts for real-time professional help, today unveiled 2022's top trending topics – i.e., which types of questions experienced the biggest increases from 2021 and kept JustAnswer experts busiest this year.

Key Points:

In addition, according to the JustAnswer 2022 Year in Review Curiosity Report , people were especially curious about Small Appliance Repairs (+58%), Home Improvement (+26%) and Pediatric Health (+26%).
Some of the more interesting highlights from the data:
Remember the pandemic puppy adoption boom of 2020/2021?
Overall, JustAnswer answered nearly 26,000 pet behavior questions (dogs, cats, birds – even reptiles) in 2022!
Historically high gas prices in 2022 seem to have contributed to a 62% YOY increase in questions about Electric Vehicles answered by JustAnswer mechanics.

As the Clock Winds Down on a Year Steered by Tight Inventory and Rising Loan Rates, Cox Automotive Offers 10 Predictions for 2023

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Monday, December 19, 2022

With the New Year just weeks away, Cox Automotive offers its expectations for the U.S. automotive market in 2023.

Key Points:

With the New Year just weeks away, Cox Automotive offers its expectations for the U.S. automotive market in 2023.
"This past year was challenging not only to forecast but for the industry to manage," said Cox Automotive Chief Economist Jonathan Smoke.
With new-vehicle inventory levels improving as demand slows, Cox Automotive forecasts 3% year-over-year new-vehicle sales growth in 2023, with the market hitting 14.1 million units.
Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20 billion.

Kelley Blue Book Unveils Winners of 2023 Best Buy Awards

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Thursday, December 15, 2022

ATLANTA, Dec. 15, 2022 /PRNewswire/ -- After thorough head-to-head testing, in-depth data analysis and evaluation of the more than 300 new-vehicle models available in the U.S. market for 2023, Kelley Blue Book, a Cox Automotive company, today announces the winners of its annual Best Buy Awards. Now in its ninth year, the company's comprehensive awards program highlights the top model in vehicle segments most relevant to new-car shoppers, with award categories evolving over the years to align with the changing automotive landscape. The 2023 Kelley Blue Book Best Buy Awards encompass 19 categories covering the entire spectrum of automotive needs, with additional categories introduced this year to reflect the ever-growing electrified-vehicle segments. This year's highest honor of Best New Model goes to the 2023 Hyundai IONIQ 5.

Key Points:

The 2023 Kelley Blue Book Best Buy Awards encompass 19 categories covering the entire spectrum of automotive needs, with additional categories introduced this year to reflect the ever-growing electrified-vehicle segments.
Kelley Blue Book's annual Best Buy Awards are determined based on a year-long regimen of expert vehicle evaluation, plus an intensive period of final testing.
In fact, it has been named a Kelley Blue Book Best Buy more times than any other compact SUV.
For more information and full coverage of the 2023 Kelley Blue Book Best Buy Awards, including full editorial comments about each model, pricing details, videos and more, visit https://www.kbb.com/awards/best-buy-awards-2023/ .

Parasoft Named a Leader in Continuous Automation Testing Platforms

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Wednesday, December 14, 2022

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MONROVIA, Calif., Dec. 14, 2022 /PRNewswire/ -- Parasoft, a global leader in automated software testing, today announced it is a Leader in The Forrester Wave™: Continuous Automation Testing Platforms, Q4 2022 report. With an open, intelligent, and outcome-driven solution that incorporates artificial intelligence (AI), the Parasoft Continuous Quality Platform integrates software testing from code scanning, unit testing, code coverage, functional testing, and API testing to UI and manual testing, enabling DevOps teams to work more efficiently and be more productive. Download the full report here.

Key Points:

MONROVIA, Calif., Dec. 14, 2022 /PRNewswire/ -- Parasoft , a global leader in automated software testing, today announced it is a Leader in The Forrester Wave: Continuous Automation Testing Platforms, Q4 2022 report.
With an open, intelligent, and outcome-driven solution that incorporates artificial intelligence (AI), the Parasoft Continuous Quality Platform integrates software testing from code scanning, unit testing, code coverage, functional testing, and API testing to UI and manual testing, enabling DevOps teams to work more efficiently and be more productive.
He goes on to say, "Parasoft's strengths lie in its extensive nonfunctional testing types like security, code quality, unit testing, test data management, performance, and service virtualization.
Parasoft helps organizations continuously deliver quality software with its market-proven, integrated suite of automated software testing tools.

Cox Enterprises Welcomes New Members to its Board of Directors

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Wednesday, December 14, 2022

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ATLANTA, Dec. 14, 2022 /PRNewswire/ -- Today, Cox Enterprises announced the appointment of three new members to its board of directors: Barbara Kennedy Harty from the James M. Cox Foundation; Grace Lieblein, retired VP of Global Quality at General Motors Company; and Troy D. Taylor, founder, chairman and CEO of Coca-Cola Beverages Florida.

Key Points:

The new board members join Cox at an important moment for the company, as it continues to grow its Cox Communications and Cox Automotive businesses, while expanding into new areas like cleantech.
"Today the Cox Enterprises Board of Directors welcomes three new members who share this goal.
Barbara Kennedy Harty currently serves on the James M. Cox Foundation Board of Directors.
The foundation provides philanthropic support for nonprofit organizations in communities where Cox Enterprises does business.

Konect.ai Announces Data Integration With Cox Automotive’s VinSolutions, Benefiting Dealer Customers

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Wednesday, December 7, 2022

Konect.ai, a lead management AI that helps dealers acquire, engage, and convert customers, announces a data integration with Cox Automotives VinSolutions, the leading provider of automotive retail CRM services.

Key Points:

Konect.ai, a lead management AI that helps dealers acquire, engage, and convert customers, announces a data integration with Cox Automotives VinSolutions, the leading provider of automotive retail CRM services.
View the full release here: https://www.businesswire.com/news/home/20221207005632/en/
Cole Kutschinski, President of Konect.ai, is excited to announce their new data integration with Cox Automotive's VinSolutions.
(Graphic: Business Wire)
This new integrated offering will provide benefits for mutual dealer customers of both Konect.ai and VinSolutions including increased engagement from inbound leads, acquisition leads, or outbound campaigns.
VinSolutions has created an exceptional CRM, and the integration with Konect.ai allows dealers to manage all of their SMS communication within the CRM.

As Luxury Share Grows, New-Vehicle Prices Hit Record High in November, According to Latest Kelley Blue Book Average Transaction Price Data

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Monday, December 12, 2022

According to data released today by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681.

Key Points:

According to data released today by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681.
According to Kelley Blue Book calculations, new-vehicle ATPs have been higher than the average manufacturer's suggested retail price (MSRP), also known as the sticker price, since July 2021.
Average Prices for Luxury Cars Increase More than $400 in November, Hit Record
Strong luxury vehicle sales have been a primary reason for overall elevated new-vehicle prices.
The average new EV price was $65,041, according to Kelley Blue Book estimates, well above the industry average and aligning more with luxury prices versus mainstream prices.

Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness in Q4, Driven by the Economy and High Interest Rates; Market Outlook Lowest in Survey History

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Wednesday, December 7, 2022

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Cox Automotive Dealer Sentiment Index: 3-month, forward-looking market outlook drops to a record low in Q4 report.

Key Points:

Cox Automotive Dealer Sentiment Index: 3-month, forward-looking market outlook drops to a record low in Q4 report.
U.S. auto dealers indicate that their negative view of the market is influenced by the economy, higher interest rates and low inventory.
"High interest rates and a generally slowing economy are clearly weighing heavily on U.S. auto dealers right now," said Jonathan Smoke, Cox Automotive Chief Economist.
"Dealers are normally optimistic, so the drop in the 3-month outlook to a new low in our survey history is particularly noteworthy.

Forward-Thinking Dealerships That Employ Connected Data and Automation Generate Higher Profit Margins by 18.5%, New Cox Automotive Study Shows

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Tuesday, December 6, 2022

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Dealers who have the highest profit margins have four characteristics in common: their operations are data-driven, personalized, automated, and connected.

Key Points:

Dealers who have the highest profit margins have four characteristics in common: their operations are data-driven, personalized, automated, and connected.
The Cox Automotive Forward-Thinking Dealership Study reveals that dealers who embrace data science and automation have achieved results above and beyond what other dealers manage to accomplish.
This extensive study assessed the effectiveness of dealership operations and identified new technologies and processes that enhance performance and profitability.
Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with annual revenues of nearly $20billion.

Dealertrack Registration and Title Solutions Join Reynolds Certified Interface Program

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Monday, December 5, 2022

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With a streamlined, single-step registration and title process, dealers can finalize deals faster for their customers

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With a streamlined, single-step registration and title process, dealers can finalize deals faster for their customers
ATLANTA, Dec. 5, 2022 /PRNewswire/ -- Cox Automotive announced today a new integration that drives dealer value by connecting Dealertrack's Registration and Title Solutions to Reynolds and Reynolds ERA Dealer Management System (DMS).
This integration gives dealers a one-step registration and title process for their staff so they can finalize deals faster for their customers.
"We listened and delivered when dealers asked us to make importing deal information directly from their DMS easier," stated Tracy Fred, senior vice president dealer solutions for Cox Automotive.
"Our collaboration with Reynolds and Reynolds takes registration and title processing three giant strides forward for our clients and their customers," commented Kait Gavin, vice president of operations and dealer services for Cox Automotive.