ATLANTA, January 22, 2019 – As dealers look for more efficiencies, Manheim continues to invest in its digital marketplace to help them buy and sell vehicles wherever and whenever it makes the most sense for them. At NADA 2019, Manheim will showcase a new addition to the Manheim Express app—an in-app buyer experience that helps … Continued
Automotive News, Jan. 21, 2019 — A computer almost always knows better than a human, artificial intelligence proponents say, but many car dealers have to see it to believe it before they can get comfortable handing certain tasks off to a machine. John Malishenko, director of operations for Germain Motor Co., went through that at … Continued
If car-sharing, ride-hailing and car-subscription services were as widely available as traditional car ownership through purchases and leases, consumers would rely “significantly less” on traditional car ownership and new-vehicle retail sales could tumble much as 29 percent. Conversely, fleet sales would increase. So predicts Phase 3 of Cox Automotive’s Evolution of Mobility Study, outlined Sunday … Continued
The North American International Auto Show in Detroit will once again give car lovers reasons to brave the crowds and the cold, such as a chance to see the 2020 Ford Shelby GT 500 in the steel flesh. But the auto show’s backstory is clouded by potential economic stumbling blocks at every corner — ranging … Continued
ATLANTA, January 17, 2019 – Retail auto sales in the U.S. could drop as much as 29 percent as alternatives to traditional vehicle ownership becomes more accessible and affordable, decreasing the amount of miles consumed by personally owned vehicles. This is the key finding in Phase No. 3 of the Cox Automotive Evolution of Mobility … Continued
Automotive News, Jan. 14, 2019 — Cox revamped its 25-acre Manheim Metro Atlanta auction site for its new brand, Pivet. A Manheim auction site in Atlanta has been revamped as the flagship hub for present-day fleet servicing and forward-looking mobility solutions. For Cox Automotive, the long-touted promise offered by mobility fleet servicing is big enough … Continued
ATLANTA, Jan. 14, 2019 – Six months after the formation of a new business unit focused on enabling next-generation transportation, the Cox Automotive Mobility Group unveils a distinct brand to illustrate the division’s integrated solution of forward-looking fleet services. Constructed to include both physical locations and mobile vehicle management solutions, Pivet connects industry-leading Cox Automotive … Continued
Forbes, Jan. 13, 2019 — On a frigid Sunday morning in downtown Detroit, economists from Cox Automotive threw icy cold water on consumers’ hopes of swinging a brand new vehicle this year. But don’t blame the messengers. They were simply reviewing for reporters how the combination of rising new vehicle prices and a change in … Continued
M2 TechCast, Jan. 13, 2019 — Michelle Krebs, a senior analyst with Autotrader, joins Mike Brennan on his M2 TechCast podcast to talk about the outlook for 2019 North American auto and light truck sales – down somewhat from 2018. On this episode, she also outlines some of the major issues that could impact sales, … Continued
Detroit Free Press, Jan. 13, 2019 — The warnings flashed a few years back: 2019 was to be a year of the “lease tsunami.” A glut of cars, trucks and SUVs leased a few years ago are set to come off three-year leases and return to dealer lots, driving down used car prices. In 2019, … Continued