Tag Archives: cox automotive

Cox Automotive’s new car four-year forecast reveals petrol is expected to represent just 30% of new registrations, as EVs overtake with a predicted share of 36% by 2028. This figure still falls short ZEV mandate target but is a positive sign for EV adoption. Over the past four years, diesel’s market share declined to just over 6% in 2024 (a ...

Cox Automotive has won a five-year supply contract with Lookers UK to deliver its remarketing programme. The fully integrated remarketing programme brings valuation, auction and logistics solutions together. A spokesman for Lookers said: “Evolving our remarketing strategy to encompass a dual approach to digital and physical opportunities is a key priority for our business in 2025. “We believe this will ...

Cox Automotive has launched a first-of-its-kind appraisal and valuation tool for LCVs. A question set relating to commercial vehicle specs and condition informs an accurate trade-in valuation. The question set aligns with the new NAMA condition grading for LCVs. Stuart Perham, CIO at Cox Automotive, said: “This is a significant development for the wholesale commercial vehicle sector, overcoming a historic ...

The UK used car market is projected to see only modest growth in the coming years. Transactions are expected to rise from 7.4 million in 2024 to just under 7.9 million by 2027, according to Cox Automotive’s latest Insight Quarterly. Projections for 2025, in terms of used car transactions, shows a marginal 0.3% increase on 2024 levels which suggests the ...

Cox Automotive’s 2025 forecast predicts nearly two million new car registrations, a 3.6% increase compared with 2024. However, volumes remain 11.6% below the average for 2001-2019 as local economic pressures and supply chain disruptions continue. Cox Automotive’s latest Insight Quarterly (IQ) suggests the transition to new energy vehicles (NEVs) could result in fewer choices in vehicle makes and models. Insight ...

Cox Automotive has signed a deal with Merseyside car supermarket Motor Range to offer 30 vehicles through the Manheim Leeds Thursday sales programme every week. Majority of the vehicles will come with warranted mileage and service history. Sam Panayides, sales director at Cox Automotive, added: “We’re pleased to welcome Motor Range to the Manheim Leeds programme, presenting around 1,500 vehicles ...

Customer service outweighs industry topics such as the rights and wrongs of the agency model. Green said: “In our latest consumer survey, we asked our 2,000 car drivers how they see car buying in 2024 and the overarching message is clear: put quality customer service first.” Cox Automotive’s insight director Philip Nothard added: “This new survey reveals some reassuring opinions ...

Writing in Cox Automotive’s Insight Quarterly, ICDP MD Steve Young highlights the significance of the dealer’s physical interaction with the consumer and vehicles amidst changes in the industry. Customer support is increasingly important as vehicles become more technologically advanced. The interaction involved in the administration, registration and handover of the car is done most efficiently by dealers. On stories of ...

The UK used car market could see up to 7.7 million transactions by the end of the year, says Cox Automotive. In a full year used market forecast, Cox Automotive predicts 1,896,630 transactions in Q2 (versus an upside scenario of 1,966,972 transactions), and 7,350,205 for the full year (versus 7,669,814). Cox Automotive’s upside forecast for Q1 was 99.5% accurate to ...

Positivity in the UK’s new car market stems primarily from the ‘healthy’ start to the year for new car registrations, up 10.4% year on year in Q1, according to Cox Automotive. As a result of activity and performance seen in Q1, baseline forecasts for 2024 suggest registrations will surpass two million cars with potential to stretch beyond 2.2 million. Philip ...