The road to autonomous driving is suffering some significant speed bumps. Cox Automotive on Wednesday released its Evolution of Mobility Study. Among the findings: consumers are growing more, not less, skeptical of fully autonomous vehicles. Separately, New York Mayor Bill DiBlasio on Tuesday signed a bill that caps the number of ride-sharing vehicles at the … Continued
ATLANTA, August 16, 2018 – In the race for self-driving cars, building consumer trust when it comes to safety is just as important as building the technology. According to findings from the 2018 Cox Automotive Evolution of Mobility Study: Autonomous Vehicles, consumer awareness of driverless vehicles has skyrocketed and the desire for autonomous features is high. … Continued
Two major developments from Cox Automotive surfaced this morning — a new division and a new piece within its growing portfolio. Cox Automotive said it is bringing together its investments and solutions supporting the future of mobility with the formation of a new business division: Mobility Solutions Group. For years, Cox Automotive highlighted that it … Continued
ATLANTA, August 13, 2018 – Cox Automotive is bringing together its investments and solutions supporting the future of mobility with the formation of a new business division: Mobility Solutions Group. For years, Cox Automotive has been investing in technology and services that position the organization to deliver advanced fleet management solutions and support evolving consumer … Continued
Cox Automotive will create a mobility division that positions the dealership software and services juggernaut for a future in which fewer consumers will buy or own vehicles. The multibrand industry player, with more than $7 billion in revenue last year, expects the new mobility business to dwarf its cash-cow Manheim auction business within a decade, … Continued
Candy Lucey, senior director of marketing and brand management for Dealertrack DMS, said despite the high cost of turnover, many companies are still more likely to invest in finding new talent than retaining existing employees. Lucey said, “Employee retention can no longer take a back seat in your dealership strategy…Listen to your people, give them … Continued
In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up is Lori Wittman, the general manager of VinSolutions and senior vice president of retail dealer solutions … Continued
In fact, not since 2012 has the July seasonally adjusted annualized rate for used cars been as high as it was last month. That’s according to the latest Manheim Used Vehicle Value Index report, which said used-car sales paced at an estimated 39.2 million SAAR last month. There was a 3-percent year-over-year gain in used-vehicle … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.51% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 136.9, which was a 5.1% increase from a year ago and the highest level ever for the series. Looking at trends in weekly Manheim Market Report (MMR) prices, the … Continued
That second-half slowdown nearly everyone predicted — even as first-half sales were outpacing 2017 levels — has turned up right on schedule. U.S. light-vehicle sales fell an estimated 3.7 percent in July and the seasonally adjusted annual rate slipped to 16.73 million — the weakest monthly SAAR since Hurricane Harvey upended the industry last August. … Continued