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PODCAST: Automotive Intelligence Award honoree Jonathan Smoke

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He knows the housing market and house music. He knows cars and The Cars. An economist who moved from the real estate market to the automotive market while moonlighting as a DJ Cox Automotive chief economist Jonathan Smoke is among our first-ever honorees in the Automotive Intelligence Awards: Industry Analysts program.

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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

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Let’s explore the factors driving inflation in the automotive market and discuss strategies for dealers to support their customers through these difficult economic conditions. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans.

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Riding the Wave of Innovation: How Advanced Data Tools Are Transforming Automotive Appraisals

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In the automotive sales industry, a significant shift is underway, marked by the evolution of vehicle appraisal tools that are enhancing accuracy and instilling confidence among used car managers. Traditionally, dealerships have relied on inventory tools that use market data to price their inventory.

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Twists, Turns and Tariffs

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As buyers hurry to lock in pre-tariff pricing on new models, that sense of urgency is starting to show up in used-car activity too. automotive market is no stranger to transformation. At the same time, some foreign-based carmakers have begun to pause or slow shipments to the U.S. Theyre reading headlines.

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Going Up! Are You Losing a 44% Increase in Sales?

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It’s a gauge of how many vehicles are trending to be sold that year and helps us compare sales volume against other points in history — or does it? Something the automotive SAAR doesn’t capture is the part that used car sales play in your store’s profitability. Hold The Door!