Market Insights – Cox Automotive Inc.

F&I for an Ecommerce Future 07/26/2022 Is your F&I office capable of supporting automated eCommerce? Consumers Want It, Technology Enables It Consumers have grown accustomed to the transparency, speed, and convenience of buying online. Research shows that 76% of today’s car buyers are open to purchasing completely online1, and 1 in 4 consumers say they prefer an Amazon-like car shopping experience where they would not need to set foot at a dealership… Read Article

eCommerce Market Insights Commentary & Voices

Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows 04/26/2022 ATLANTA, April 26, 2022 – 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. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online saved time and were more satisfied with their time at the… Read Article

Digital Retailing auto loans eCommerce Press Releases

Transforming F&I for Automotive eCommerce 04/07/2022 “No one will ever buy those online.” That used to be the conventional wisdom about clothes and home furnishings, yet eCommerce sales of both apparel and furniture increased by more than 20% in 2021.1 Consumers who used to feel strongly about seeing, touching, and trying out these items before purchase chose convenience (backed by reasonable return policies) and made the leap to online shopping. For those… Read Article

Esntial Commerce eCommerce Market Insights Commentary & Voices

Inventory and Merchandising Best Practices for an eCommerce Future 03/22/2022 For years, consumers have done hours of research online before buying a vehicle. But today they are increasingly comfortable completing a purchase on the web, with 76% of car buyers open to buying completely online.1 In 2021, U.S. eCommerce sales totaled $933 billion and are projected to grow 23.6% by 2025.2 This is helping to drive an increase in consumer expectations of being able to transact… Read Article

Esntial Commerce eCommerce Market Insights Commentary & Voices

CarBreezy, A New Fully Online Car Buying Solution, Launches Utilizing Cox Automotive Esntial Commerce Technology 03/21/2022 ATLANTA and TACOMA, Wash., March 21, 2022 – Titus-Will Automotive Group announced today the launch of CarBreezy, powered by the Cox Automotive Esntial Commerce™ platform. The new fully online, automated, pre-owned vehicle website allows consumers to find and purchase a vehicle in as little as 15 minutes. "Titus-Will Automotive Group is excited to launch a fast and easy fully-digital solution to the South Puget Sound region… Read Article

Esntial Commerce eCommerce Press Releases