Reuters, June 5, 2020 – At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a mistake. Despite plummeting sales at his store, Prestige Motor Works, Tovstanovsky was betting on a … Continued
At Cox, we have felt the pain and anguish of the communities where we do business and our nation over the past week. People should not live their lives in fear, simply because of the color of their skin. We know African-Americans, including many of our own employees, are afraid for their lives and the … Continued
Auto Remarketing, June 1, 2020 – How does managing health and safety happen at a large corporation during a pandemic, with so many varieties of enterprise? Kenny Jones, senior director of health and safety at Cox Automotive, joins the Auto Remarketing Podcast to talk about just that. He discusses collaboration in health/safety efforts in the various entities … Continued
ATLANTA, May 28, 2020 – COVID-19 continues to plague the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery. According to a forecast released by Cox Automotive, new light-vehicle sales volume in May is expected to finish near 1,050,000 units, down 33% compared to last … Continued
Auto Remarketing, May 18, 2020 – Dr. Rik Patel is the co-founder and chief operating officer of RideKleen, a mobile vehicle care and fleet services. But he’s also a physician and spent 11 years in sports medicine and orthopedic care. In this episode of the Auto Remarketing Podcast, hear his take on vehicle sanitization and decontamination, … Continued
Auto Remarketing, May 15, 2020 – Zach Hallowell, vice president of Manheim Digital, discussed how sellers need as many options as possible to liquidate inventory, as the wholesale market “continues its steady climb.” Hallowell said, “No matter what their disposition strategy is, consignors have convenient access to tools across the Manheim Marketplace that can help them generate much … Continued
Auto Remarketing, May 4, 2020 – NextGear Capital Scott Maybee joined the Auto Remarketing Podcast with host Joe Overby to discuss how the company is helping dealers during COVID-19, a resource hub and more. The company announced in late April that it would continue to defer curtailment and extension payments for eligible floor plan advances. The … Continued
Auto Remarketing, April 30, 2020 – With dealership lots full of cars, reduced demand and fewer consumers in the market, there are steps that dealers across the U.S. can take now to position themselves for the best chance of recovery in the months ahead. Majd Saboura, senior director of offsite solutions at Manheim, shares his thoughts on what … Continued
CBT News, April 29, 2020 – As part of the CBT Network’s ongoing coverage of the coronavirus Jim Fitzpatrick welcomes back Brian Finkelmeyer, senior director of new car solutions for vAuto. In this segment, Jim and Brian discuss Brian’s recently published article titled “COVID-19 and the New Game of Inventory Roulette.” In this article, Brian takes a … Continued
CBT News, April 28, 2020 – As part of the CBT Network’s ongoing coverage of the coronavirus Sandy Schwartz, president and CEO of Cox Automotive, joins Jim Fitzpatrick for a wide-ranging conversation. Sandy spoke about what Cox Automotive is doing in response to COVID-19 to help dealers, captives and OEMs. He covered the wholesale market and the … Continued