Cox, Penske Debut Online Platform for Retailing Used Vehicles
The digital platform enables consumers to transact 100% online.
The digital platform enables consumers to transact 100% online.
James Davis, customer strategy and insight director (commercial vehicles) for Cox Automotive Europe, passed on July 11, 2021. He was 47 years old. In this position, Davis assumed an industry thought leadership role that involved building, sustaining, and evolving deep long-term open trust relationships with customers, business partners, suppliers, and industry bodies.
Digital transactions have grown tremendously at XLerate over the last five years, and digital is a key component of its omnichannel, go-to-market strategy.
New analysis finds businesses and governments can grow used electric vehicles market by 40% in 2030 by transforming fleets.
The Manheim Used Vehicle Value Index hit a record high of 203, and likely won't reach into the 200s again for several years.
Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
Guaranteed cash-back money that any buyer qualifies for and is often the fodder of headline advertising has all but dried up.
Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
As more auto dealers try to save time and increase margins through digital wholesale transactions, Fyusion Technology is providing imaging for a more transparent, lower risk buying experience.
A Cox Automotive forecast predicts the recent sales frenzy will slow as inventory constraints are pulling the market back down to earth.
Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
Demand has been healthy, inventories tight, and dealers have felt little pressure to lower prices.
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