Cox Automotive

New Manheim and vAuto Integrations Help Dealers Drive Greater Inventory Profitability

Retrieved on: 
Wednesday, August 5, 2020
Cox Enterprises, Cox Automotive, Supply chain management, Inventory, Manheim, Pennsylvania, Business, Management

ATLANTA, Aug. 5, 2020 /PRNewswire/ --Manheim and vAuto continue to create new connections across their digital platforms, helping dealers reduce depreciation risk and drive greater inventory profitability.

Key Points: 
  • ATLANTA, Aug. 5, 2020 /PRNewswire/ --Manheim and vAuto continue to create new connections across their digital platforms, helping dealers reduce depreciation risk and drive greater inventory profitability.
  • "Dealers have told us that they want a tighter connection between vAuto and Manheim, and these two integrations are great examples of how we're acting on that feedback and helping dealers better manage their inventory," said Zach Hallowell, vice president of Manheim Digital.
  • "vAuto and Manheim offer powerful inventory management tools and bringing them closer together delivers on the promise of Cox Automotive for our clients."
  • More details on these integrations follow:
    Since March 1st, over 120,000 used car trade-ins from vAuto's Provision have been listed in the Manheim marketplace.

Wholesale Used-Vehicle Values Reach Record High

Retrieved on: 
Wednesday, July 8, 2020
Cox Automotive, TransACT, Economy of the United States

"We have enjoyed a dramatic and rapid recovery in the auto market," said Jonathan Smoke, chief economist, Cox Automotive.

Key Points: 
  • "We have enjoyed a dramatic and rapid recovery in the auto market," said Jonathan Smoke, chief economist, Cox Automotive.
  • According to Cox Automotive estimates, total used-vehicle sales volume was down 12% year over year in June.
  • The wholesale supply peak, on the other hand, was 149 days on April 9, according to Cox Automotive estimates.
  • Operating the largest vehicle wholesale marketplace, Manheim enables clients more efficient ways to connect and transact business how and when they want.

Average New-Vehicle Prices Up 3% Year-Over-Year in June 2020, According to Kelley Blue Book

Retrieved on: 
Wednesday, July 1, 2020
Kelley Blue Book, Telecommunications in the United States, Cox Automotive, Economy of the United States, Cox, Car dealership, Science and technology in the United States, Cox Enterprises, Autotrader.com

The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.

Key Points: 
  • The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.
  • Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone.
  • Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with revenues of $21billion.
  • www.coxautoinc.com
    View original content to download multimedia: http://www.prnewswire.com/news-releases/average-new-vehicle-prices-up-3-...

Cox Automotive Forecast: Auto Sales to Drop 24.2% in First Half of 2020

Retrieved on: 
Friday, June 26, 2020
Cox Enterprises, Economic data, Seasonality, Seasonally adjusted annual rate, Cox Automotive

According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, down significantly from last year's 17.2 million pace, but up from May's 12.2 million level.

Key Points: 
  • According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, down significantly from last year's 17.2 million pace, but up from May's 12.2 million level.
  • Sales volume in June is expected to be down by 30% compared to last year.
  • According to Cox Automotive Senior Economist Charlie Chesbrough: "The auto market will have some major obstacles over the summer that will slow the V-shaped rebound we had all hoped for.
  • That means fewer shoppers, fewer buyers and, as Cox Automotive Chief Economist Jonathan Smoke noted in a presentation this week , the industry is facing the potential for a "Cruel Summer" for automotive sales.

Cox Automotive's Dealer Software Solutions Brands Publish Playbooks As Auto Retail Begins To Rebound

Retrieved on: 
Thursday, June 4, 2020
Cox Enterprises, Cox family, Cox Automotive, Cox, Telecommunications in the United States, Economy of the United States, Companies

"Our initial response was to quickly disseminate as much information as we could to help our clients be resilient during the crisis," said Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive.

Key Points: 
  • "Our initial response was to quickly disseminate as much information as we could to help our clients be resilient during the crisis," said Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive.
  • "Across the Cox Automotive Dealer Software Solutions brands, we launched webinars, tutorials, blogs, podcasts, and emails.
  • And Cox Automotive's Dealer Software Solutions team has been right there whenever we need them."
  • Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion.

Average New-Vehicle Prices Up 4% Year-Over-Year in May 2020, According to Kelley Blue Book

Retrieved on: 
Tuesday, June 2, 2020
Kelley Blue Book, Telecommunications in the United States, Cox Automotive, Economy of the United States, Cox, Car dealership, Science and technology in the United States, Cox Enterprises, Autotrader.com

The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.

Key Points: 
  • The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.
  • Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone.
  • Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with revenues of $21billion.
  • www.coxautoinc.com
    View original content to download multimedia: http://www.prnewswire.com/news-releases/average-new-vehicle-prices-up-4-...

Revolutionary PureProtect by RideKleen Solution Provides Shield of Lasting Protection to Disinfected Vehicles

Retrieved on: 
Monday, May 11, 2020
Cox Enterprises, Cox Automotive

"We're redefining what it means to be clean, laying the necessary groundwork with our revolutionary PureProtect by RideKleen solution to bring confidence to everyone, every time they get in a vehicle."

Key Points: 
  • "We're redefining what it means to be clean, laying the necessary groundwork with our revolutionary PureProtect by RideKleen solution to bring confidence to everyone, every time they get in a vehicle."
  • PureProtect by RideKleen kits feature an eco-conscious cleaner from Caring Brands that sanitizes, disinfects and protects the entire vehicle, including the interior cabin, A/C ventilation system, trunk and cargo areas.
  • PureProtect by RideKleen kits and service are being utilized at Cox Automotive Mobility's Pivet facilities in Atlanta and Phoenix, as well as at Manheim locations nationwide.
  • For more details on PureProtectby RideKleen, and to purchase PureProtect by RideKleen Single Vehicle Kits, please visit www.ridekleen.com/products .

RideKleen Introduces Enhanced Surface Disinfection & Air Cleanse Services

Retrieved on: 
Monday, April 6, 2020
Hygiene, Bactericides, Disinfectant, Cox Automotive, Delivery

The company's heightened RideKleen Surface Disinfection & Air Cleanse Serviceswill be implemented in partnership with Cox Automotive brands and industry leaders Clutch Technologies and Manheim to power a new Retail Delivery & Service Pickup and Delivery offering, as well as new cleaning and disinfecting products.

Key Points: 
  • The company's heightened RideKleen Surface Disinfection & Air Cleanse Serviceswill be implemented in partnership with Cox Automotive brands and industry leaders Clutch Technologies and Manheim to power a new Retail Delivery & Service Pickup and Delivery offering, as well as new cleaning and disinfecting products.
  • In addition to these new products, RideKleen is enabling dealers to deliver treated vehicles to their customers.Dealers using the Clutch Technologies Retail Delivery & Service Pickup and Deliveryplatform will haveaccess to RideKleen's Surface Disinfection & Air Cleanse Services beginning in Atlanta and scaling rapidly to other markets.
  • "The rollout of RideKleen's Surface Disinfection & Air Cleanse Servicesis yet another example of Cox Automotive's commitment to our customers as we navigate this crisis together," said Joe George, president of Cox Automotive Mobility.
  • For more details on RideKleen's Surface Disinfection & Air Cleanse Services, please visit www.ridekleen.com .

Average New-Vehicle Prices Up Nearly 3% Year-Over-Year in March 2020, Despite COVID-19 Impact on the Economy, According to Kelley Blue Book

Retrieved on: 
Wednesday, April 1, 2020
Kelley Blue Book, Telecommunications in the United States, Cox Automotive, Economy of the United States, Cox, Car dealership, Science and technology in the United States, Cox Enterprises, Autotrader.com

The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.

Key Points: 
  • The company also provides vehicle pricing and values through various products and services available to car dealers, auto manufacturers, finance and insurance companies, andgovernmental agencies.Kelley Blue Book is a Cox Automotive brand.
  • Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone.
  • Cox Automotive is a subsidiary of CoxEnterprises Inc., a privately-owned, Atlanta-based company with revenues of $21billion.
  • www.coxautoinc.com
    View original content to download multimedia: http://www.prnewswire.com/news-releases/average-new-vehicle-prices-up-ne...

Genesis Selects Dealer.com as New Website Digital Advertising Provider

Retrieved on: 
Monday, March 2, 2020
Musicians, Musical groups, Record labels, Cox Automotive, Burlington, Vermont, Genesis

BURLINGTON, Vt., March 2, 2020 /PRNewswire/ --Dealer.com, a Cox Automotive brand, announced it has been selected as a Genesis' website, digital retailing and digital advertising provider.

Key Points: 
  • BURLINGTON, Vt., March 2, 2020 /PRNewswire/ --Dealer.com, a Cox Automotive brand, announced it has been selected as a Genesis' website, digital retailing and digital advertising provider.
  • Today, through Dealer.com's Website Choice program, Genesis dealers gain access to a more innovative and personalized digital storefront experience that delivers the technology and expertise for dealers to exceed consumer expectations.
  • "Our Website Choice program with Genesis' brings our leading capabilities and newest technology solutions to our customers.
  • The digital marketing solutions at Dealer.com have earned several automotive industry awards, including two consecutive Automotive Website Awards, the Highest Rated SEO Provider and Driving Sales Dealers' Choice Award for Top Rated Website Provider.