Tag Archives: cox automotive

The UK new car market is set to undergo a “radical change” by 2028 with diesel’s share falling to just 3% and overall ICE vehicles falling to 38”. The decline in new diesel cars and a reduction in petrol registrations will have a profound impact on the used market, according to the latest Cox Automotive new and used car market ...

Dealers must become reacquainted with the skills needed to operate in a ‘push’ market. That’s the view of Dale Wyatt, Director of Suzuki, UK and Ireland. Wyatt, a contributor to Cox Automotive’s Insight Report, said some needed to be more proactive to succeed in an altered commercial landscape. “Many people haven’t the muscle memory for performing in a push market. ...

Cox Automotive reports a surge in activity at its auctions in January. It said the volume of stock handled during the month was up 24% year-on-year, and the number of active buyers increased by 12%. Manheim held 14 more sales in January than the same period last year. Liam Quegan, managing director – wholesale, Cox Automotive, said: “Stock volumes are ...

Current used car trade values remain ‘unrealistically high’ despite recent drops That’s the view of Cox Automotive which said that price rises in recent years meant that used cars had become too high and the market was adjusting. Philip Nothard, Cox Automotive Insight Director urged dealers to keep calm while the realignment played through. “Current trade values remain unrealistically high ...

The new car market looks to have returned to a ‘push’ model with higher volumes of sales being pumped through the fleet sector. That’s the view of Cox Automotive which produces sales forecasts for the new car market. It predicts that new car registrations will total 1.94 million by the year’s end. Cox Automotive’s Insight Director Philip Nothard said: “Our ...

Cox Automotive has unveiled a wealth of industry data and understanding with the Insight Report, produced in collaboration with Grant Thornton. A valued resource for anyone seeking to understand the status quo and learn more about future trends – Cox Automotive’s 2023/24 Insight Report includes extensive analysis from automotive voices in the UK, Europe and around the world. Detailed predictions ...

Cox Automotive Europe has appointed Stuart Perham to the role of chief information officer. Stuart joins from Rivus Fleet Solutions, where he served as chief technology and information officer. His experience also includes technology leadership roles with Kia Europe, Inchcape Fleet Solutions and BCA Marketplace. He will report to Mitch Gersten, chief information officer for Cox Automotive Global. He will ...

Franchised dealers must offer customers a “seamless used car buying experience by better embracing omnichannel”. That is the view of Steve Young of research and consulting specialists ICDP, writing in Cox Automotive’s quarterly insight, AutoFocus. Young said that mastering omnichannel is essential if franchised retailers wish to avoid losing used vehicle customers. He also cited the importance of embracing a ...

 Cox Automotive team members held a fund-raising “sleepout” which raised more than £2,300 for housing and homelessness charity Shelter. The sleepout, aimed at raising awareness and funds, was one in a series of events that Cox Automotive hopes will raise tens of thousands for the cause. A Citroen donated by Hendy Group and auctioned by Manheim Auction Services contributed £1,100 ...

Cox Automotive is forecasting a “relatively slow” improvement in the UK used car market for the remainder of 2023. It predicts used car transactions for 2023 to be 7,154,047 units, a 4% year-on-year increase, but still below (-3%) the average pre-pandemic yearly figure.  It said a significant recovery is not expected until early or mid-2024.. Philip Nothard, Insight and Strategy ...