Dealers have reduced their exposure to diesel holding less stock than they did a year ago. Analysis carried out by Cox Automotive in May found that diesel accounted for 50% of total dealer stock in May compared to 57% a year ago. Dealers are now stocking more petrol cars, accounting for 48% of stock in May compared to just 42% ...
Read More »Cox Automotive launches new Vehicle Insight product for dealers
Cox Automotive has launched of a new product that uses wholesale and retail data to help dealers buy, price and sell vehicles. Vehicle Insight uses data from Manheim, Motors.co.uk and cap hpi data to provide price and market information. It offers a range of information at local and national levels, including live retail market price range, sales performance, including supply levels and ...
Read More »Cox forecasts strong first half for UK used car values
Cox Automotive is forecasting a strong market for used cars in the second quarter as new car sales continue to decline. It cited Q1 data from its online and physical auctions, showing a 9.4% year-on-year increase in prices due to increased demand for ready to retail stock. The positive forecast is backed by figures from Group 1 yesterday showing a ...
Read More »Cox Automotive expects Q2 used vehicle sales to remain strong
Cox Automotive is forecasting that used vehicle sales will remain strong as the industry heads into the second quarter of 2018. While new car sales remain in decline (according to figures released by the SMMT), the latest data from Cox shows used car sales at a high as dealers promote nearly-new and older vehicles to attract consumers. According to data ...
Read More »Cox Automotive appoints new Manheim MD
Cox Automotive has appointed Peter Bell (pictured) as managing director of its remarketing arm Manheim. He joins Manheim from Jaguar Land Rover where he held the role of global financial services director. Before this he was chief operating officer at Volkswagen Financial Services. Prior to this he held the position of head of customer planning and engagement for UK retail ...
Read More »CDK dealer management system integrates with enquiryMAX
CDK Global and enquiryMAX have formed a partnership to integrate showroom technology with the Autoline Rev8 dealer management system (DMS). CDK said it was “the first step” in its new approach to building an open platform technology. In June last year CDK told Motor Trader that it wanted to become more flexible in its attitude to third party suppliers and to ...
Read More »Cox Automotive and Santander offer GDPR training
Dealers are being offered roadshows and webinars so they can to get up to speed on the new GDPR rules coming to effect in 25 May Cox Automotive is holding a series of webinars and Santander is running a roadshow. Ian Inman, head of privacy and data protection at Cox Automotive said: “We know that GDPR is a concern for ...
Read More »Cox Automotive all-women team to climb Kilimanjaro
Cox Automotive is sending a team of all-women climbers to Tanzania on 24 February to take on Africa’s highest mountain. The move is part of its Women With Drive programme to highlight the role of women in the automotive industry. The women will complete the challenge over a six-day period, returning to the UK two days ahead of International Women’s ...
Read More »Cox Automotive restructures top management team
Cox Automotive has restructured its top management team with CEO Michael Buxton (pictured) moving to become COO at its international operations. He will be replaced in July by Martin Forbes who is currently managing director of Cox’s Modix, Incadea and Motors.co.uk businesses. Forbes takes on an expanded role as COO of Cox Automotive UK, effective immediately. As COO International, Buxton ...
Read More »Positive outlook for used cars following 8.5% rise in Q4
Companies are forecasting a strong performance in used cars in the year ahead following finish to 2017 Dealers delivered a year-on-year 8.5% rise in used car sales in December as the year finished on a positive note, according to lead tracker enquiryMAX, which looked at the performance of 700 dealers. David Boyce, managing director of enquiryMAX said: “The dealer groups ...
Read More »