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Former NextGear Capital COO returns to lead key industry brand

Cox Automotive Names Shane O’Dell President of Financial Solutions

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ATLANTA, September 1, 2016 – Cox Automotive, a leading provider of digital marketing, software, financial, wholesale and e-commerce solutions across the automotive industry, today announced that Shane O’Dell has been named President, Financial Solutions. As President, O’Dell will oversee one of the industry’s leading financial companies, NextGear Capital, servicing more than 23,000 dealers across North America, the United Kingdom and Ireland. Shane O’Dell will report to Mark O’Neil, Chief Operating Officer of Cox Automotive and will begin his new role effective October 1. O’Dell will be relocating to Carmel, Ind.

“Shane is a proven leader at NextGear Capital and his focus on the needs of our customers will further strengthen the Financial Solutions team at Cox Automotive and its focus on service excellence,” said Mark O’Neil, Chief Operating Officer at Cox Automotive. “Shane’s deep knowledge and expertise in the financial industry will be an asset to our company, partners and customers.”

O’Dell currently serves as the senior vice president of Vehicle Solutions at Manheim responsible for setting and executing key business strategies around Manheim’s third-party logistics, including vehicle transportation, reconditioning, imaging, purchase protection and inspections in addition to focusing on Ready Logistics, the company’s transportation company. Prior to joining Manheim, O’Dell was Chief Operating Officer for NextGear Capital, overseeing the execution of day-to-day operating activities and providing strategic direction on revenue growth and risk mitigation. O’Dell was one of the founding members of Dealer Services Corporation (DSC) in 2005 and became chief operating officer in 2010, which was later merged with Manheim Financial Services to become NextGear Capital in 2013.

“I couldn’t be more thrilled to come back and lead the Financial Solutions team at Cox Automotive and continue to develop products and solutions to help dealers with their financial and inventory needs and be a partner in helping them achieve success,” said O’Dell.

About Cox Automotive

Cox Automotive Inc. is transforming the way the world buys, sells and owns cars with industry-leading digital marketing, software, financial, wholesale and e-commerce solutions for consumers, dealers, manufacturers and the overall automotive ecosystem worldwide. Committed to open choice and dedicated to strong partnerships, the Cox Automotive family includes Autotrader®, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, vAuto®, Xtime® and a host of other brands. The global company has 33,000 team members in more than 200 locations and is partner to more than 40,000 auto dealers, as well as most major automobile manufacturers, while engaging U.S. consumer car buyers with the most recognized media brands in the industry. Cox Automotive is a subsidiary of Cox Enterprises Inc., an Atlanta-based company with revenues of $18 billion and approximately 60,000 employees. Cox Enterprises’ other major operating subsidiaries include Cox Communications and Cox Media Group. For more information about Cox Automotive, visit www.coxautoinc.com.

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