- Cox Automotive president Sandy Schwartz discussed automotive industry trends and how Cox Automotive’s properties use these trends.
- He explained how technology is becoming even more important to the industry, saying properties like Autotrader and Kelley Blue Book help to prepare consumers before they enter the showroom.
- He also noted how industry trends such as autonomous cars may limit sales and said some Manheim locations might alter their business structure to provide vehicle services or storage after transitioning away from auctions.
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, president of Cox Automotive.
Among other topics, Schwartz details how Cox Automotive might fit into a changing automotive ecoystem. He also looks at the potential economic impact of steel and aluminum tariffs and why there has been so much investment in the used-car space from Silicon Valley, Wall Street and elsewhere.