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Car dealerships have more inventory than they did a year ago and are able to offer customers better incentives, a new report from Cox Automotive says. According to the report, the average ...
U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories and higher incentives, analysts estimated. Sales are expected to top 15.8 million, the ...
Still, Cox experts predict that with growing new-vehicle inventory, affordability will improve this year and that 2025 will be the best year for the market since 2019.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
Manheim, Inc. is an automobile auction company. As a subsidiary of Cox Automotive, a subsidiary of privately owned Cox Enterprises, Inc. based in Atlanta, Georgia, Manheim's primary business is wholesaling vehicles via a bidding process using traditional and online formats.
In 1997, Autotrader.com was founded revolutionizing the way people buy and sell used cars. In 2014, Cox Enterprises brought its automotive-related businesses (which by then included vAuto and NextGear Capital) together under the Cox Automotive name. [17]