Cox Automotive recently launched Cox Fleet, a new brand building on the collaboration between Fleet Services and FleetNet America.
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Fleet Services has more than doubled in size with 1,500+ technicians nationwide, and FleetNet America has had record-breaking volume at 2.5 million calls.
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The combination will offer clients more growth, efficiency, and service with all types of auction transactions.
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With the addition of Bel Air and Tallahassee auto auctions, the purchase grows Manheim’s reach to more than 6,500 acres nationwide.
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Electric vehicle sales dipped in the second quarter, despite record incentives and a growing model lineup. The market braces for a federal tax credit phase-out that could skew sales trends.
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Commentary/Analysis: The Democratic Party has challenged the industry by pushing an aggressive green agenda while the Trump administration is now forcing tariffs – a one-two punch the industry hardly deserves.
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Analysis: Experts from Cox Automotive say in the near term, after a short surge in buying, vehicle sales will likely fall amid price increases, and OEMs may eliminate some models if tariffs persist.
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Analysis: The proposed levies would add further price pressure to an auto industry already facing affordability challenges.
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Commentary: No mainstream automaker will be immune to the pain, which will almost certainly be transferred to buyers through higher prices. The U.S. auto market already has an affordability problem.
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The plan furthers the company's battery lifecycle management services as it meets demand from a growing new and used electric vehicle market in the U.S.
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