Automotive News, March 16, 2020 – The continued spread of a new coronavirus has prompted Cox Automotive’s Manheim to switch all of its auctions to simulcast-only sales. The move is effective Monday and runs through April 3. The auction giant said it will waive related fees during the period. Physical Manheim locations will operate as … Continued
ATLANTA, March 9, 2020 – According to the Q1 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is mostly unchanged from Q4 2019. With an index score of 49, the rating was slightly more positive than last quarter, but the increase from … Continued
Automotive News, March 9, 2020 – As they reached mid-winter, U.S. dealers answering a quarterly Cox Automotive survey looked forward to a robust spring selling season and were taking on additional employees and investing in technology to further drive sales. But if the survey had been administered just weeks later, as coronavirus concerns spooked Wall Street … Continued
Detroit Free Press, March 6, 2020 – If you’ve been delaying that car repair, Jenni Newman has some advice: Don’t wait to take your car to the shop. The coronavirus and its growing tally of sick and dead victims around the world have been roiling financial markets, prompting countless hand-washing reminders and ruining more than … Continued
Auto Remarketing, March 3, 2020 – The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% to 1.25%. Experts at Cox Automotive reacted to the … Continued
Auto Remarketing, March 3, 2020 – In 1945, World War II came to an end, kicking off an era of economic expansion in the United States that would eventually include the auto industry. That same year, a one-lane auto auction opened in southern Pennsylvania. Less than 15 years later, with the auto industry humming along, Manheim Auto … Continued
ATLANTA, Feb. 26, 2020 – February – like January before it – is known to be a weak month for vehicle sales, and this year should be no different. According to a forecast released by Cox Automotive, new light-vehicle sales volume is expected to rise nearly 6% compared to last February and 16% compared to … Continued
Clutch Technologies recently finalized an integration with one of its fellow companies within the Cox Automotive family along with two other relationships in the vehicle-subscription space. On Wednesday, Nissan announced it’s testing a subscription service model that’s being powered by Clutch. According to a news release, Nissan is launching what it’s called “on-demand driving” through its … Continued
Liza Myers Borches, CEO of Carter Myers Automotive, was mistaken for a spouse of a dealer, not a dealer herself, when she went to a baseball game with an automaker. A situation such as that is rare these days, she said, but “that just told me that there’s still some unconscious bias. It happens, and … Continued
ATLANTA, Feb. 17, 2020 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Liza Myers Borches, president and CEO of Carter Myers Automotive, a fourth-generation family- and employee-owned business. Named after Barbara Cox, the late co-owner of Cox Enterprises and daughter of the company’s founder, this honor is awarded to … Continued