Automotive industry veteran to drive best people practices to attract top talent ATLANTA, March 28, 2018 – Renato Razon is joining the People Strategies leadership team at Cox Automotive as senior vice president, human resource business partners and employment practices, effective April 2. Razon will lead people strategy and execution for Cox Automotive, reporting to Chief People … Continued
Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Ellie Johnson, general manager at Manheim Statesville. This is the first time in the history of the award that it has been given to a Cox Automotive team member. This honor is awarded to women who demonstrate business leadership and community advocacy, … Continued
Cox Automotive released its new “Used Car Market Report & Outlook” book at the 2018 NADA Show in Las Vegas on Friday. Previously titled the “Manheim Used Car Market Report” — the revamped 23rd edition of the book has been expanded to combine in demand automotive industry data and insights with voices from across Cox … Continued
Ellie Johnson, general manager of Manheim Statesville, recognized for business acumen and community advocacy; Northwood University student receives $10,000 scholarship ATLANTA, March 26, 2018 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Ellie Johnson, general manager at Manheim Statesville. This is the first time in the history of the … Continued
Dealers consider margin compression the biggest threat in auto retail, said Sandy Schwartz, president of Cox Automotive. The used-vehicle department is where many dealers feel margin compression the most, he said. Dealers depend on used-vehicle profits to offset thinner new-vehicle margins, but now used-vehicle margins are under pressure, too, Schwartz said. “We always recognized the … Continued
Report from Cox Automotive examines trends and provides advice for dealers managing growing industry headwinds LAS VEGAS, March 23, 2018 – Used cars should experience strong demand and growth in sales across the U.S. in 2018, as the economy continues its strong performance, while new cars may see a slight downtick as industry headwinds become … Continued
Dealers should direct their attention to reaching online car shoppers as early as possible and enhancing their in-store experience to best navigate United States consumers’ car-buying behavior, says a recent study. With car buyers spending a total of four less days in market for a car compared to last year, dealers have less to time to … Continued
Consumers tend to pay far more attention to the swings in their March Madness brackets than the latest moves by the Federal Reserve. But the reality is the Fed’s action Wednesday will have more lasting impact on your wallet. The Fed moved to raise rates by 25 basis points, as expected. The Fed’s benchmark interest rate increases … Continued
How healthy are your dealership’s brands — or the brand of a dealership you may be considering buying? Answering that question was the goal of a study released at the Automotive News Retail Forum: NADA. Automotive News, in partnership with data powered by Cox Automotive, presented Brand Profiles, broken down by luxury and nonluxury brands. … Continued
Xtime’s “Fast Lane: How to Accelerate Service Loyalty and Unlock its Profit-Making Potential” by Jim Roche to Debut at NADA 2018 on March 22, available on Xtime.com REDWOOD CITY, Calif. (March 22, 2018) – Record-breaking U.S. car sales may have stalled out, but does that mean the brakes are on for a dealership’s profitable growth? Not a … Continued