Cox Automotive Archives

Explaining what 75 basis-point rise in interest rates might do within auto financing

(Source: AutoRemarqueting) Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 10-1...

June 16, 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

Dealertrack’s Auto financing availability ticks slightly higher to finish 2021

ATLANTA – Autoremarketing.com Well, perhaps auto financing is starting to look more like it did before the pandemic wreaked havoc on so much of our daily lives. Cox Automotive said that access to auto credit expanded slightly in December, based on the Dealertrack...

January 12, 2022

Cox Automotive: Transformation Toward eCommerce in Automotive Retailing

Automotive Finance Digital Retailing eContracting

Cox Automotive: Transformation Toward eCommerce in Automotive Retailing

Source: CoxAutoInc. The way the world buys and sells vehicles is changing. It’s not happening all at once and the changes vary by retailer and consumer, but the industry is currently at a major tipping point in its transformation toward...

January 5, 2022

Auto-financing context around Fed’s last move of 2021

Automotive Finance

Auto-financing context around Fed’s last move of 2021

By SubPrime Auto Finance News Staff – ATLANTA and WASHINGTON, D.C. – Cox Automotive chief economist Jonathan Smoke again offered context about the potential influence on auto financing that the Federal Reserve last policy action of the year might have. On...

December 19, 2021

Cox Automotive Canada has new leadership with Ola Ajayi-Salako

By Auto Remarketing Canada Staff – MISSISSAUGA, Ontario – Cox Automotive Canada has new leadership. On Monday, Cox Automotive announced that Ola Ajayi-Salako has been promoted to senior director, agile delivery, and will act as the site leader for Cox Automotive Canada,...

December 14, 2021

Cox Automotive to transition Canadian reporting structure into US operations

(AutoRemarketing) Cox Automotive confirmed in a statement Tuesday that it is moving its Canadian reporting structure into its U.S. operations as part of plans to “simplify its structure for local and global customers.” Maria Soklis, who is president for Cox Automotive...

September 28, 2021