Tag Archives: cox automotive

Registrations for new vehicles could reach 506,804 by the end of Q1, Cox Automotive has forecast in its quarterly AutoFocus publication. This represents a +19.1% increase year-on-year, but -23.7% down compared to the 2000-2019 average and -27.7% down compared with the most recent pre-pandemic 2019 performance. Cox Automotive’s most likely scenario forecasts that the year will end on 1,878,806 registrations. ...

Volkswagen Financial Services UK has extended its relationship with Manheim for another five years. Manheim will handle around 90,000 units per year at its vehicle services facilities at Bruntingthorpe. The agreement is an extension of a nine-year partnership between the two companies, which began in 2013. Manheim will handle the solus supply of defleet services for all Volkswagen Financial Services ...

Wholesale vehicle values will show signs of stabilisation throughout mid-2022 as the market attempts to get back to some form of normality, according to Cox Automotive. However, the coronavirus pandemic has rapidly accelerated the online and digital marketplace to what existed two years ago. As a result, Cox said that it’s also entirely possible that a new benchmark for used ...

The National Franchised Dealer Association has highlighted the threat to intra-brand competition as the key threat from the introduction of agency models for dealers. The threat was outlined in the latest Autofocus from Cox Automotive. Sue Robinson, chief executive of the NFDA said preserving healthy intra-brand competition and allowing OEMs to adapt, innovate and drive efficiencies were not mutually exclusive. ...

The wholesale vehicle market has shown its first signs of easing for several months. However, Cox Automotive is warning businesses that a return to normal figures will take months if not longer. Philip Nothard, Strategy and Insight Director at Cox Automotive, said: “We need to remember that we are in a seasonally slow period; however, although many retailers are increasingly ...

Darren Sinclair has been appointed as iVendi’s first chief commercial officer. Until August, he was a Cox Automotive Europe board member with responsibility for operational and strategic leadership of the company’s digital retail solutions businesses, Modix and Codeweavers. He also spent five years as managing director of Modix both in the UK and internationally and served more than 20 years ...

Dealers must prepare for an automotive industry that will be “unrecognisable in the coming decade”. The fourth annual Cox Automotive and Grant Thornton Automotive Insight Report highlighted the impact of electrification; digital transformation; and the possibility of the manufacturer agency model. It suggests dealers will need to rethink consumer engagement and revenue streams to remain competitive in years to come. ...

Cox Automotive is reporting record demand for its eVA Valuations and Appraisals tool two years after launch. It said over 20 new customers signed up their dealership groups in the midst of lockdowns, in an attempt to keep sales moving during showroom closures. Of those businesses, 740 rooftops are live with the tool which offers real-time vehicle valuation data. According ...

Cox Automotive Europe has appointed Stuart Miles as managing director of its Retail Solutions business, with responsibility for developing the company’s digital retail offering and driving growth across the UK and EU. Miles has over 25 years’ experience within the automotive industry, predominantly within contract hire, leasing and finance. Miles has worked at Cox before as business development director. Most ...

Cox Automotive painted a ‘stark picture’ of the used car market for dealers in August with an acute shortage of stock. It said the gap between supply and demand means that highly sought-after vehicles are becoming harder to source, more expensive to purchase and come with higher mileage and age than what would be considered the norm. Philip Nothard, insight ...