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3 min read
New Age of Transportation Expected to Thin Auto Dealer Ranks
07/13/2018
DETROIT – The number of franchised car dealerships and their owners is expected to decline dramatically in the coming years. That’s the prediction of Mark O’Neil, chief operating officer of Cox Automotive, a company with brands that include Autotrader, Manheim auctions, Kelley Blue Book and Dealer.com. Currently, there are about 16,800 dealerships or “rooftops,” about 2,000 fewer than a decade ago, according to the National Automobile…
Read Article
Mobility
consumer mobility
5 min read
New Age of Transportation Expected to Thin Auto Dealer Ranks
07/13/2018
The number of franchised car dealerships and their owners is expected to decline dramatically in the coming years. That’s the prediction of Mark O’Neil, chief operating officer of Cox Automotive, a company with brands that include AutoTrader, Manheim auctions, Kelley Blue Book and Dealer.com. Currently, there are about 16,800 dealerships or “rooftops,” about 2,000 fewer than a decade ago, according to the National Automobile Dealers Assn.…
Read Article
Mobility
consumer mobility
Mark O'Neil
News Coverage
3 min read
Cox Automotive leads $28M investment round in mobility platform
05/31/2018
CARY, N.C. - The investment that Cox Automotive has made in consumer mobility over the last handful of years continued with a major move on Thursday. The company is the lead investor in a $28.61 million Series B funding round for Ridecell, a software platform used to run mobility services like carsharing, ridesharing and autonomous fleet management. Additional participation in the round came from return investor…
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Mobility
consumer mobility
David Liniado
Ridecell
News Coverage