Cox Enterprises

Eucon Americas names Paul Zorrilla as Managing Director LATAM

Retrieved on: 
Thursday, March 28, 2024
ROI, Business development, Original equipment manufacturer, Software, Cox Enterprises, Region, Marketing, LATAM, Human

ATLANTA and MUENSTER, Germany, March 28, 2024 /PRNewswire-PRWeb/ -- Eucon LATAM is a fully owned subsidiary of Eucon Americas, LLC, based in Atlanta, USA. Paul was announced as Regional Director when the subsidiary first opened in April 2023. Since then, the LATAM research team has grown exponentially and now consists of more than 25 mechanical engineers and technicians with in-depth expertise in the aftermarket of the major countries in the region.

Key Points: 
  • Eucon Americas LLC is pleased to announce Paul Zorrilla as Managing Director LATAM.
  • ATLANTA and MUENSTER, Germany, March 28, 2024 /PRNewswire-PRWeb/ -- Eucon LATAM is a fully owned subsidiary of Eucon Americas, LLC, based in Atlanta, USA.
  • "With the promotion of Paul to Managing Director LATAM, we are expressing our appreciation for his outstanding leadership and unwavering dedication in driving the expansion into the Latin American market over the last few years.
  • Paul Zorrilla joined Eucon in 2018 as Business Development Manager for LATAM and became Regional Director in 2020.

Cox Automotive Deploying Industry-First, VIN-Specific EV Battery Health Solution Across Manheim Locations

Retrieved on: 
Wednesday, March 27, 2024
Health, EVS, OBD II, Partnership, Internet of things, Cox Communications, OBD, Vandopsis, Chemistry, Cox Enterprises, CRS

ATLANTA, March 27, 2024 /PRNewswire/ -- Cox Automotive is rolling out the used car industry's only solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision's capabilities of reporting battery health for each unique vehicle. Both enhancements give wholesale buyers and sellers the information they need to make more informed and confident decisions.

Key Points: 
  • ATLANTA, March 27, 2024 /PRNewswire/ -- Cox Automotive is rolling out the used car industry's only solution that will measure the EV battery health for each specific VIN across Manheim.
  • Cox Automotive's VIN-specific solution, developed by its EV Battery Solutions team, uses Manheim's LotVision technology to quickly assess the battery in each unique vehicle and automatically transmit in-depth battery health information to condition reports (CRs) and vehicle detail pages (VDPs) on Manheim.com .
  • "EV battery health scores that are based on make/model averages are just that…average," said Steve Rowley, president of Cox Automotive.
  • In April, clients will begin seeing the expanded battery health information on Manheim CRs and VDPs across most makes and models.

Cox Enterprises Launches Cox Farms, One of the Largest Greenhouse Growers in North America

Retrieved on: 
Tuesday, March 26, 2024
Pesticide, Health, Farmer, Cox Enterprises, Agriculture, Vegetable, Partnership, Name, Farm, Climate, Food, Seed, Investment, Workforce, Cox, Calendar

ATLANTA, March 26, 2024 /PRNewswire/ -- Today, Cox Enterprises announces the launch of Cox Farms, a new business focused on sustainable food and agriculture.

Key Points: 
  • Today, Cox Farms includes indoor farming companies Mucci Farms and BrightFarms, and it will continue to pursue additional ventures and investments in the indoor agriculture space.
  • Cox Enterprises, a multigenerational family-owned business, has a long history in agriculture dating back 125 years when Ohio farmer-turned-entrepreneur James M. Cox planted the seeds for his first business venture.
  • With Mucci Farms and BrightFarms in its growing portfolio, Cox Farms is one of the largest greenhouse operators in North America, harvesting 360 million pounds of produce annually.
  • Re-imagining agriculture, Cox Farms achieves stable conditions in greenhouses, with a higher yield per acre, and no harmful chemicals or pesticides.

Cox Automotive Forecast: March New-Vehicle Sales To Increase 4.5% From Year Ago Levels As U.S. Market Continues to Normalize

Retrieved on: 
Tuesday, March 26, 2024
SAAR, Swings, Cox Enterprises, Weather

March's sales volume is expected to reach 1.45 million units, a 4.5% increase from one year ago and a 14.4% increase from February.

Key Points: 
  • March's sales volume is expected to reach 1.45 million units, a 4.5% increase from one year ago and a 14.4% increase from February.
  • ATLANTA, March 26, 2024 /PRNewswire/ -- Cox Automotive forecasts U.S. new-vehicle sales in Q1 will increase 5.6% year over year and reach 3.8 million units.
  • The year-over-year increase in Q1 sales suggests that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022.
  • Sales volume in March, when announced early next month, is expected to show gains over March 2023 and 2022 as the market continues to expand.

Carbyne Secures Investment from AT&T Ventures & Socium Ventures

Retrieved on: 
Wednesday, March 20, 2024
Cloud, Universe, Emergency, Public security, Growth, CIA, Environment, Partner (business rank), Cox Enterprises, OTT, AI, APEX, GMR, Learning curve, Investment, AT&T, Former

NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .

Key Points: 
  • NEW YORK, March 20, 2024 /PRNewswire/ -- Carbyne , a leading next-generation provider of public safety communications, announced today that it has secured an investment from AT&T Ventures .
  • The investment follows a successful launch of the relationship between AT&T and Carbyne, which was announced in June.
  • "In 2023, Carbyne experienced transformative growth in the U.S.," said Amir Elichai, Carbyne CEO.
  • "AT&T Ventures is investing in disruptive companies that are developing advanced connectivity solutions to drive innovation forward," said Vikram Taneja, Head of AT&T Ventures.

U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes

Retrieved on: 
Wednesday, March 13, 2024
Smoke, EV, Environment, EVS, COVID-19, Interest, Sale, Economy, Cox Enterprises, Index, Optimism, Advertising, Car dealership

With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers see their inventory growing, not declining.

Key Points: 
  • With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers see their inventory growing, not declining.
  • Interest rates, the economy and market conditions remain the top concerns for U.S. auto dealers but improved compared to Q4 2023.
  • While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1.
  • According to U.S. auto dealers, the current sales environment for new and used vehicles has improved over last quarter but remains lower year over year.

New-Vehicle Average Transaction Prices Retreat for Second Straight Month, According to Latest Kelley Blue Book Estimates

Retrieved on: 
Monday, March 11, 2024
Three-phase electric power, Blue book, EV, Lexus, Polestar, G class, Mitsubishi Group, EVS, SAAR, Research, Land Rover, Kia Rio, Ferrari, Rolls-Royce, Cox Enterprises, Infiniti, Mini, ATP, Kelley Blue Book, Model, Cryptocurrency

ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.

Key Points: 
  • ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.
  • Incentive packages continue to be highest with Infiniti, Audi, Mini, and Polestar, all over 10% of average transaction price, according to Kelley Blue Book estimates.
  • Incentives at Land Rover averaged only 2.0% of ATP, according to the Kelley Blue Book estimates.
  • Model 3 transaction prices last month, at $43,614, were lower year over year by 12% and near the lowest level on record.

Fleet Services by Cox Automotive Joins Forces with U.S. Army's PaYS Program to Secure Career Opportunities for Servicemembers

Retrieved on: 
Monday, March 11, 2024
Organization, Partnership, SVP, Cox Enterprises, RSVP, Service, Army, Fleet services, Airline

INDIANAPOLIS, March 11, 2024 /PRNewswire/ -- Fleet Services by Cox Automotive today announced its commitment to the U.S. Army's Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army.

Key Points: 
  • INDIANAPOLIS, March 11, 2024 /PRNewswire/ -- Fleet Services by Cox Automotive today announced its commitment to the U.S. Army's Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army.
  • The signing ceremony will be located at Dickinson Fleet Services, 4709 W 96th St, Indianapolis, IN 46268.
  • "We commend Fleet Services by Cox Automotive for their commitment to helping our military professionals as they transition into Civilian workforce," said Antonio Johnson, PaYS Program Manager.
  • In addition, the event will feature remarks from Fleet Services by Cox Automotive leaders including Ted Coltrain, VP of Operations, and Kevin Clark, Head of Shop Operations.

America’s Car-Mart Reports Third Quarter Fiscal 2024 Results

Retrieved on: 
Friday, March 8, 2024
Acquisition, Collection, NET, LOS, Weather, Investment, SALES, Transport, Jules Kroll, Cox Enterprises, Partnership, Video game

ROGERS, Ark., March 08, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the third quarter ended January 31, 2024.

Key Points: 
  • ROGERS, Ark., March 08, 2024 (GLOBE NEWSWIRE) -- America’s Car-Mart, Inc. (NASDAQ: CRMT) (“we,” “Car-Mart” or the “Company”), today reported financial results for the third quarter ended January 31, 2024.
  • Note: Discussions in each section provide third quarter comparisons from fiscal year 2023 to fiscal year 2024.
  • SALES – Sales for the quarter were 11,664 units vs. 14,508 units, down 19.6% compared to the prior year quarter.
  • Sequentially, net charge-offs improved 40 basis points from 7.2% for the second quarter of fiscal 2024.

Fleet Advantage And FleetNet America by Cox Automotive Partner To Provide Organizations with Transportation Fleets Specialty Financing with Reliable Access To A Nationwide Maintenance Solution

Retrieved on: 
Monday, March 4, 2024
Acquisition, AVP, Freedom, Originality, Cox, Transport, Original equipment manufacturer, Calendar, FSL, ATA, History, Exhibition, Organization, TMC, Fleet services, Cox Enterprises, Partnership, Airline

This is important because truck operating costs are rising, and maintenance and repair (M&R) represent a large portion of the increase.

Key Points: 
  • This is important because truck operating costs are rising, and maintenance and repair (M&R) represent a large portion of the increase.
  • FleetNet America by Cox Automotive and its network of 65,000 vetted service providers are leading the managed maintenance industry with 24/7/365 customer service.
  • Additionally, Fleet Services by Cox Automotive, a nationwide leader in on-site maintenance and repair, will support the new program as one of the key service providers.
  • “This partnership allows Fleet Advantage to offer maintenance solutions and alternatives and incorporate the expertise and national network that Cox has assembled.