Mobility Archives - Cox Automotive Inc.

10 Key Market Trends – 2019 Spring Update 05/23/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. VIDEO HIGHLIGHTS The Economy – Economic growth has been revised slightly downward from 2.6% to 2.4% GDP due to a softer than expected year-end 2018, plus a slow start in first quarter 2019. Despite the decelerating… Read Article

Fixed Ops Research Mobility credit interest rates New Car Used Car Market Insights Economy & Trends

Shift from Ownership to Access Is Shaping the Future of Automotive 02/05/2019 Awareness and usage of ride-hailing, car-sharing, and vehicle subscription services are growing, with nearly 4 in 10 consumers agreeing that transportation is necessary, but owning a vehicle is not. Collectively termed “mobility,” these disruptions to automotive retail are predicted to have a significant impact on consumer vehicle sales over the next five years.1 Dealers and OEMs must prepare for this change. Consumers increasingly feel that owning a vehicle… Read Article

Mobility Operations Sales

Top Insights Shaping the Automotive Industry in 2019 01/24/2019 Jonathan Smoke, Chief Economist at Cox Automotive discusses the economic outlook for the automotive industry into 2019. Isabelle Helms, Vice President of Research & Market Intelligence, shares findings from the Cox Automotive Service Industry study to help dealers understand how to take advantage of these trends and differentiate themselves in the marketplace. Benefit of Strong Economic Tailwinds from 2018 – 2018 saw a robust economy… Read Article

Fixed Ops Research Mobility credit interest rates New Car Used Car Market Insights Economy & Trends

New Survey of U.S. Auto Dealers Predicts New Forms of Mobility to Drive Declines in Personal Vehicle Ownership, Number of Dealerships 10/22/2018 ATLANTA, Oct. 22, 2018 – Auto dealers and consumers are more closely aligned on the future of mobility than many industry experts might imagine with both expecting significant reductions in personal vehicle ownership. In fact, dealers are predicting an even sharper decline in ownership than consumers1 in the next five years (28 percent versus 18 percent). However, while most of the dealers surveyed recognize this eventual… Read Article

Mobility Evolution of Mobility Press Releases

Mobility Services Becoming More Popular as Alternatives to Vehicle Ownership, According to Cox Automotive Study 08/23/2018 ATLANTA, August 23, 2018 – The automotive industry’s predictions on the future of traditional vehicle ownership remain a topic of debate and at times a guessing game. Ultimately, awareness, availability and acceptance of on-demand transportation options, such as car-sharing, ride-hailing and subscription services, will likely be the deciding factor. The uptake of vehicle ownership alternatives is transforming the way consumers view mobility according to the 2018… Read Article

Mobility autonomous Mobility Solutions Group Press Releases

Autonomous Vehicle Awareness Rising, Acceptance Declining, According to Cox Automotive Mobility Study 08/16/2018 ATLANTA, August 16, 2018 – In the race for self-driving cars, building consumer trust when it comes to safety is just as important as building the technology. According to findings from the 2018 Cox Automotive Evolution of Mobility Study: Autonomous Vehicles, consumer awareness of driverless vehicles has skyrocketed and the desire for autonomous features is high. The study finds 84 percent want to have the option to… Read Article

Mobility autonomous Mobility Solutions Group Press Releases

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

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

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… Read Article

Mobility consumer mobility David Liniado Ridecell News Coverage

Podcast: Janet Barnard & Joe George of Cox Automotive 11/10/2017 Shortly after she was promoted to the role of chief people officer of Cox Automotive in late September, we caught up with Janet Barnard, along with Cox Automotive's Joe George, at Cox Enterprises headquarters in Atlanta. Listen here› Read Article

Reconditioning Mobility Fleet Management News Coverage