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Cox Automotive Mobility Takes Charge of EV Battery Lifecycle Services With Global Acquisition

ATLANTA (September 1, 2021) – Focused on being the world’s best end-to-end caretaker for the electric vehicle (EV) future from storage and logistics to remanufacturing, reuse and pre-treatment recycling, Cox Automotive Mobility today announced a foundational investment for its new global EV battery service network with the acquisition of Spiers New Technologies (SNT), a leading service provider for EV … Continued

Podcast: NextGear President on ‘The Way Forward for Independent Dealers’

Auto Remarketing, Aug. 30, 2021 – During last week’s NIADA Convention in San Antonio, NextGear Capital president Scott Maybee joined the  Auto Remarketing Podcast in one of the first in-person episodes of the show in over a year. In this episode, Maybee and Auto Remarketing senior editor Joe Overby discuss “The Way Forward for Independent Dealers,” how … Continued

Cox Automotive Forecast: August New-Vehicle Sales Pace Slowest of 2021 Due to Low Supply

UPDATED Sept. 1, 2021 – With new-inventory extremely tight for most brands across the country, a slowdown in sales compared to July was widely expected. Initial reports indicate that tight inventory is now negatively impacting sales at nearly all brands. A few will ultimately squeeze out small year-over-year gains – Acura, Mazda – but a … Continued

Cox Automotive Mobility and Arizona’s Institute of Automated Mobility Work to Advance Automated Vehicle Development and Safety

PHOENIX (August 10, 2021) – Cox Automotive Mobility, a division of Cox Automotive committed to advancing the world’s fleets to serve the next generation, will be joining the Institute of Automated Mobility (IAM), a public-private consortium established by Governor Ducey in 2018 to shape the future of transportation safety, science and policy. The collaboration will leverage emerging … Continued

A New Wholesale World: Cars Easier to Locate

The speed of change in automotive retail and wholesale has been remarkable in the last couple years. Most of the focus on the wholesale side has been on digital sales, as auction companies such as Cox Automotive’s Manheim had to switch to online sales almost overnight because of the pandemic. But while that shift was taking place, … Continued

What the Latest Manheim Used Vehicle Value Index Reveals About the Used Car Market – Jonathan Smoke, Cox Automotive

CBT News, August 6, 2021 – On today’s show, Jim Fitzpatrick is pleased to welcome Jonathan Smoke, Chief Economist for Cox Automotive. He discusses the Manheim Used Vehicle Value Index and the used-vehicle market. The Manheim index tracks what’s selling at Manheim. The monthly value report reflects the average price dealers are paying for used vehicles at … Continued

Cox Automotive Forecast: Tight Supply Puts Brakes on New-Vehicle Sales

UPDATED August 4, 2021 – The automotive sales pace in July slowed substantially, as tight vehicle supply severely limited sales at some automakers. The Cox Automotive Industry Insight team had forecasted slowing sales, as available inventory at the start of July was at the lowest point in memory. Days of supply had dropped to 29, according to … Continued

At the Manheim Auto Auction, Used-Car Prices Rise to Record Highs

The Philadelphia Inquirer, July 26, 2021 – Anybody shopping now for a vehicle knows it is a seller’s market. A shortage of new cars has rippled out and created a frenzy in the used-car market. The prices of some used vehicles have soared above the original sticker price. It’s crazy. “We’ve never seen anything like … Continued

Cox Automotive and Penske Jointly Develop Automated Vehicle Retailing Platform for Online Car Buying

CBT News, July 26, 2021 – Penske Automotive Group and Cox Automotive have debuted an industry-first automated digital retailing platform for vehicle sales. Joining CBT News today to discuss this development is Marianne Johnson, Chief Product Officer at Cox Automotive, alongside Mike Barrington, who is the Senior Vice President and Business Leader of Digital Commerce … Continued

Electrified Vehicle Sales Accelerate Significantly in Q2 2021, According to Kelley Blue Book Report

IRVINE, Calif., July 26, 2021 – While the U.S. automotive market has experienced growth this year in nearly every vehicle segment, Kelley Blue Book today reports no segment is growing more quickly and relentlessly than electrified vehicles – defined as the combined total of electric vehicles (EVs), hybrids and plug-in hybrids. New-vehicle demand is up across … Continued