Manheim’s senior vice president of vehicle solutions has been named president of financial solutions for Cox Automotive.
In his new role, O’Dell will oversee NextGear Capital, which services more than 23,000 dealers. His current responsibilities with Manheim are setting and executing key business strategies around the company’s third-party logistics, including vehicle transportation, reconditioning, imaging, purchase protection, and inspections in addition to focusing on Ready Logistics, the company’s transportation company.
“I couldn’t be more thrilled to come back and lead the financial solutions team at Cox Automotive and continue to develop products and solutions to help dealers with their financial and inventory needs and be a partner in helping them achieve success,” said O’Dell.
Shane O’Dell will report to Mark O’Neil, COO of Cox Automotive.
“Shane is a proven leader at NextGear Capital and his focus on the needs of our customers will further strengthen the Financial Solutions team at Cox Automotive and its focus on service excellence,” said O’Neil. “Shane’s deep knowledge and expertise in the financial industry will be an asset to our company, partners and customers.”
O’Dell was one of the founding members of Dealer Services Corporation (DSC) in 2005 and became chief operating officer in 2010, which was later merged with Manheim Financial Services to become NextGear Capital in 2013.