Market Insights – Cox Automotive Inc.

Automation and the Future of Automotive Retail 09/19/2022 As consumer comfort with online car buying accelerates and retailers drive for more efficient operations, digital retailing solutions are being embraced. Innovation within financing and titling, critical enablers of the digital car buying experience, began more than 20 years ago. Predictive models evolved that help lenders set parameters that facilitate improved loan decisioning. The creation of lender networks allowed online credit applications to displace the trusted… Read Article

Esntial Commerce Market Insights Commentary & Voices

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

Podcast: Digital Retail with Lori Wittman & Paulo de Silva of Cox Automotive 03/21/2022 Auto Remarketing Podcast, March 21, 2022 – Next up in our NADA Show 2022 podcast series, Lori Wittman and Paulo da Silva of Cox Automotive join the Auto Remarketing Podcast, where they chat with senior editor Joe Overby about the company's Esntial Commerce platform and their work providing digital retail solutions to dealers. In related news, the Titus-Will Automotive Group said Monday that it has launched… Read Article

Digital Retailing Esntial Commerce News Coverage

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

Transformation Toward eCommerce in Automotive Retailing 12/01/2021 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 eCommerce. We will explore why this transformation is occurring, how to approach this change, and what retailers could be doing to succeed as the industry changes. Consumer expectations… Read Article

Esntial Commerce Market Insights Commentary & Voices

Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles 07/22/2021 BLOOMFIELD HILLS, MI and ATLANTA, GA (July 22, 2021) – 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 retail sale of used vehicles. The automated online buying platform, which is owned exclusively by Cox Automotive, allows consumers to select from high-quality, preowned vehicles through PAG’s U.S. CarShop used… Read Article

Esntial Commerce Penske Automotive Group used vehicles pre-owned vehicles Press Releases