Cox Automotive Archives

How Does the Vehicle Shortage Impact F&I?

Unique market influencers and changing consumer preferences are impacting F&I. AutoSphere – Over the last few months, the automotive industry has faced some unprecedented challenges. The onset of the COVID-19 thrust economic uncertainty upon the sector in a matter of...

September 18, 2021

Mixed trends within Cox Automotive’s financing indexes for August

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Mixed trends within Cox Automotive’s financing indexes for August

ATLANTA – Cox Automotive’s newest updates of indexes that track auto financing showed mixed developments with regard to dealerships being able to get their potential buyers financed and providers’ appetite to build portfolios. First, according to the Dealertrack Auto Credit Availability Index,...

September 16, 2021

Cox Automotive enters the EV battery business

By Kimberly Hurley (CBT NEWS) -September 6, 2021 Cox Automotive Mobility announced on Wednesday that it had acquired Spiers New Technologies (SNT), which is a leader in electric vehicle battery lifecycle management. Cox Automotive has been quite clear that it wants to be a...

September 6, 2021

The entrepreneurs behind Dealer.com discuss their latest startup venture

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The entrepreneurs behind Dealer.com discuss their latest startup venture

This CBT original series (Founder Focus with Steve Greenfield, founder of Automotive Ventures) dives into the inside stories behind some of the most impressive entrepreneurial journeys. In this segment, Greenfield sits down with the Co-founders of Fluency, Inc., a digital advertising automation platform...

August 29, 2021

Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

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Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

Digital Platform Enables Consumers to Transact 100% Online BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 /PRNewswire/ — Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (“CAI”), announced today they have jointly developed a transformational, fully automated technology platform to enable the online...

July 22, 2021

June Dealertrack Auto Credit Availability Index improves

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June Dealertrack Auto Credit Availability Index improves

ATLANTA – (source) While consumer confidence might be mixed, Cox Automotive discovered more access to credit last month for potential vehicle buyers who needed it — especially if they had stronger credit backgrounds. According to the newest Dealertrack Auto Credit Availability Index...

July 15, 2021

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

Car Dealerships

Cox Automotive’s Randy Kobat shares the best practices and acquisition methods for used vehicles

How can car dealerships best maintain profit in today’s environment with low new car inventory and high demand for used vehicles? Randy Kobat, Vice President of Operations for Inventory Management Solutions at Cox Automotive, answers this question and more on today’s...

July 7, 2021

Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

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Cox Automotive Pres. Steve Rowley discusses his perspective on the future of auto retail

On today’s show, we sit down with the new President of Cox Automotive, Steve Rowley, to discuss his first nine months as President and his perspective on trends across the retail automotive industry. Rowley has 33 years of experience in telecommunications...

June 27, 2021

Cox Automotive Dealer Sentiment Index – Second Quarter 2021

Car Dealerships

Cox Automotive Dealer Sentiment Index – Second Quarter 2021

Jonathan Smoke, Chief Economist at Cox Automotive breaks down the latest Cox Automotive Dealer Sentiment Index. (You can find the Cox Automotive Dealer Sentiment Index – Second Quarter 2021 here and the full interview on CBT News here.) The latest...

June 25, 2021

Cox Automotive’s Zo Rahim explains why prices for used vehicles continue to soar

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Cox Automotive’s Zo Rahim explains why prices for used vehicles continue to soar

Used vehicle pricing has increased significantly, so on today’s show, we’ll find out what’s behind the increase and what dealers can do. We’re pleased to welcome Zo Rahim, Manager of Economics and Industry Insights at Cox Automotive. The mid-month Manheim Used Vehicle...

June 12, 2021