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LAKE SUCCESS, N.Y. — The perception that millennials — consumers ages 18-34 — are content with a carless, ride-hailing life may not be true after all, at least according to new data from Dealertrack. In 2015, a record-setting sales year, millennials accounted for 34.6% of all auto loans originated through the Dealertrack platform, according to the ... Read More »
Read More →ATLANTA — Cox Automotive has appointed Joe George as senior vice president of Manheim Vehicle Solutions. He will be responsible for strategy to execution, driving the wholesale and retail solutions long-term plan related to reconditioning, imaging purchase protection and inspections. Effective Oct. 17, George will report to Janet Barnard, president of Cox Automotive Inventory Solutions. ... Read More »
Read More →LAS VEGAS — Software expert Kumar Kathinokkula will serve as moderator for a panel dedicated to online F&I at the upcoming P&A Leadership Summit, organizers announced Thursday. The event will be held Aug. 30–31, 2016, at Paris Las Vegas. “Making F&I products available online for end consumers is a subject of great interest to dealers, agents ... Read More »
Read More →ATLANTA – Cox Automotive named Shirley Powell as its vice president of communications and community relations. She will lead and manage day-to-day operations of the company’s global communications organization, according to F&I and Showroom magazine. Powell has more than 25 years of experience in strategic communications and most recently served as executive vice president and ... Read More »
Read More →ATLANTA — Cox Automotive is getting into the F&I business. The company announced today it has acquired a minority interest in SilverRock Holdings LLC, which is majority owned by Ernest Garcia and Ray Fidel of DriveTime through a separate company, Oreno Holdings Inc. The transaction closed on Dec. 31, 2015. According to officials, Go Financial ... Read More »
Read More →TORONTO — Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton and will continue to serve clients in its existing market. This announcement follows Cox Automotive Canada’s announcement in October that it is broadening its footprint in Western Canada. “We ... Read More »
Read More →ATLANTA — Cox Automotive announced that the Dealer.com website solution will serve as the primary solution for Cox Automotive customers. Current users of VinSolutions’ website product will migrate to the Dealer.com platform beginning in early 2016. During the migration, which should be completed within 24 months, all VinSolutions website clients will be fully supported under ... Read More »
Read More →ATLANTA, Ga. — Three top executives at Cox Automotive were named to Automotive News’ 100 Leading Women in the North American Auto Industry during the publication’s annual awards ceremony. Jane Barnard, president of Manheim North America, Lori Wittman, vice president and general manager of VinSolutions and Sharon Kitzman, vice president and general manager of Dealer ... Read More »
Read More →ATLANTA — MakeMyDeal, Cox Automotive’s online marketplace, has begun rolling out its new F&I Connect, a tool the company bills as a product designed to bring the F&I process into the Digital Age. Powered by F&I Express, F&I Connect allows dealers to promote their F&I products and prices in a controlled online environment while giving ... Read More »
Read More →ATLANTA — Following its recent acquisition of Dealertrack Technologies, Cox Automotive has appointed Dealertrack’s former co-president, Raj Sundaram, as its chief client success officer. Sundaram will report directly to Cox Automotive President Sandy Schwartz. In this key position, Sundaram will be responsible for helping clients successfully increase efficiency and grow their business utilizing the combined companies’ comprehensive ... Read More »
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