Cox Automotive Canada Archives

2024 Auto Market Forecast: Navigating Post-Pandemic Economic Swings

As we look back at the aftermath of the 2020 global COVID pandemic, it’s clear the economy and the auto market have experienced extraordinary shifts. Historic appreciation in vehicle values, dramatic drops in supply, and rapid changes in interest rates...

December 18, 2023

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

Automotive Lending Consumer Credit

Auto Credit Trends and Pricing Insights: Navigating the New Vehicle Market

In a recent update, Cox Automotive shared insights on new vehicle prices and the state of auto credit availability for October, as measured by the Dealertrack Auto Credit Availability Index. October saw a continuation of the trend that began in...

November 23, 2023

Auto credit tightens again with banks expecting it to remain that way

Automotive Finance

Auto credit tightens again with banks expecting it to remain that way

Cox Automotive recently released a report stating that credit availability for auto finance has reached a two-year low. The April 2023 Senior Loan Officer Opinion Survey on Bank Lending Practices, conducted by the Federal Reserve, further indicated that this trend...

June 16, 2023

Tightening Credit Access: Auto Finance Hits a 2-Year Low

Uncategorized

Tightening Credit Access: Auto Finance Hits a 2-Year Low

The newest Dealertrack Credit Availability Index has revealed that access to auto finance credit tightened in April to the lowest point in more than two years, largely due to three headwind factors having more impact than the trio of trends...

May 11, 2023

Cox Automotive sells Canadian operations of Dealertrack, VinSolutions, Dealer.com, Xtime and KBB to TRADER

TRADER Corp. said Thursday it is acquiring Dealertrack Canada from Cox Automotive’s Canadian retail business, along with the Canadian operations of VinSolutions, Dealer.com, Xtime and Kelley Blue Book. The company said most Canadian Cox Automotive Retail employees will likely move...

November 10, 2022

Q3 closes with improved credit availability

Automotive Finance Automotive Lending Consumer Credit

Q3 closes with improved credit availability

Chart courtesy of Cox Automotive. By SubPrime Auto Finance News Staff Sales might have softened in September, but Cox Automotive indicated credit for auto financing improved as the third quarter closed. According to the newest Dealertrack Credit Availability Index released...

October 17, 2022

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

Automotive Finance Digital Retailing

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows

ATLANTA, April 26, 2022 – Cox Automotive – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive....

April 28, 2022

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

Automated Decisioning Automotive Finance Automotive Lending

Capital Automotive Group Launches RideShift, A New Fully Online Car Buying

RideShift, the e-commerce brand powered by Capital Automotive Group, offers customers in the Carolinas and nation-wide a fully automated, shop-to-buy-to-delivery experience in a matter of minutes. RideShift provides customers with the visibility to see pre-qualified payments on thousands of pre-owned...

April 20, 2022

Cox Automotive reaches finance-company milestone with titling tool

Automotive Finance Latest News

Cox Automotive reaches finance-company milestone with titling tool

ATLANTA, Feb. 23, 2022 /PRNewswire/ — Cox Automotive announced today it reached a new milestone with the addition of its 100th lender to Dealertrack Accelerated Title®. In a typical year, these 100 lenders originate nearly 60% of the auto loans in market.1 This combination...

February 23, 2022

Is your F&I department keeping up with today’s car buyer?

F&I

Is your F&I department keeping up with today’s car buyer?

CBT News – Emil Banga | Dealertrack Over the last few years, the F&I department has undergone significant digital changes and continues to impact customer experience in big ways. Today on Inside Automotive, we’re taking a look at the positive...

February 7, 2022