ATLANTA – April 6, 2018 – Wholesale used-vehicle prices decreased slightly in March compared to February but were up 5.4 percent from year-ago levels according to Cox Automotive’s Manheim Used Vehicle Value Index, a measure of wholesale prices adjusted for mix, mileage and season. At 130.8, the index is at its lowest level since July … Continued
Over the course of a week at AFSA’s Vehicle Finance Conference, the J.D. Power Automotive Automotive Summit and NADA Show 2018 in Las Vegas last month, Auto Remarketing recorded more than a dozen podcasts with auto industry leaders. To kick off our podcast series from these events, we bring you a sit-down discussion with Sandy Schwartz, … Continued
International legal expert will establish overall risk mitigation strategy, support operations ATLANTA, April 4, 2018 – Angus Haig is joining Cox Automotive as senior vice president and general counsel effective April 9, reporting to Executive Vice President and Chief Financial Officer Mark Bowser. In his new role, Haig will partner closely with the Cox Automotive executive … Continued
ATLANTA, April 4, 2018 – Cox Automotive and Shift Technologies have announced they are launching a national strategic partnership, enabling the online vehicle retailer to utilize Manheim facilities and services to support its digital business. The relationship will help Shift expand operations with reduced capital investment and drive efficient launches in markets where Manheim has … Continued
Each month automotive industry experts from Cox Automotive and its brands host a sales day commentary call to provide insights into the previous month and to answer media questions related to market movement. The audio for the most recent call which covers the March selling month is available. Listen › Below is written commentary from … Continued
General Motors Co. is ceasing monthly vehicle sales reporting in favor of quarterly releases, breaking an auto industry tradition that has outlasted similar shifts in retailing, technology and other industries. March car and truck sales, to be released Tuesday, will be the automaker’s final monthly report. Its first quarterly U.S. sales report would be issued … Continued
Both Cox Automotive senior economist Charlie Chesbrough and Autotrader executive analyst Michelle Krebs each shared a cautionary reaction on Tuesday morning just hours after General Motors announced that the automaker will begin reporting its U.S. vehicle sales on a quarterly basis, effective immediately. Contained in the closing segment of what evidently is its last monthly … Continued
Dale Pollak, Founder of vAuto: “There Will Be A Significant Transformation’’
… Cox Automotive analysis: New-vehicle sales are expected to rise year-over-year to 1.59 million units in March, resulting in an estimated 16.7 million SAAR, according to a forecast released by Cox Automotive. “March is the year’s first month that traditionally delivers high volumes, and this March is no exception, with sales expected to increase nearly … Continued
Cox Automotive announced Wednesday that it has named a new senior vice president of human resource business partners and employment practices to lead people strategy and execution for the company. Chosen for the position is Renato Razon, who was most recently chief human resources officer at Mercedes-Benz USA. In his new role, he is responsible … Continued