Tag Archives: cox automotive

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 ...

New car registrations are set to slowly improve sector for the rest of 2023, supported by recovering vehicle production meeting customer demand. Cox Automotive has delivered its baseline forecast for total new car registrations in 2023 at 1,921,436, representing a significant increase of nearly 20% compared to 2022 figures but still lower (-16.9%) than pre-pandemic yearly registrations. Taking recent indicators ...

The used car market has shown signs of a steady recovery in the first half of 2023. According to a half-year analysis by Cox Automotive, data for the first six months of this year points to a “resilient marketplace buoyed by strong demand and improved year-on-year performance.” Consumer demand for used vehicles has continued to grow and can be attributed ...

Cox Automotive has won an International Safety Award from the British Safety Council. This is in recognition of its commitment to keeping its workers and workplaces healthy and safe in 2022. Now in their 65th year, the International Safety Awards recognise and celebrate organisations around the world that have demonstrated their commitment to preventing workplace injuries and work-related ill health. ...

2023 looks set to be a strong year for EV sales with demand despite supply constraints. That’s the view of renewable energy specialist myenergi, featured in Cox Automotive’s quarterly automotive insight update AutoFocus. Tom Callow, head of external affairs at myenergi, said that lower EV running costs, wider availability and the growing number of domestic solar installations are principal factors ...

Car supermarket group AvailableCar has signed a five-year agreement with Cox Automotive to dispose of used car stock. The deal will see it remarketing stock from its four retail sites and its car buying service, IsYourCarAvailable.com – estimated to be up to 12,500 cars per year – through Manheim Auction Services. It also paves the way for a closer partnership ...

The automotive retail market remains “resilient” during unprecedented headwinds, with “positive signs that an upturn is on the horizon.” That’s the view from Cox Automotive Europe as it releases the sixth instalment of its quarterly insight roundup, AutoFocus. AutoFocus brings together the latest views on the market from Cox Automotive as well as Owen Edwards at Grant Thornton, Steve Young ...

Cox Automotive is predicting that the automotive market “may never return to pre-pandemic levels”, as new and used vehicle sales continue to be hit by several headwinds. As a result, the company has downgraded its new car forecasts to reflect the current state of the industry and ongoing challenges. According to Philip Nothard, Insight and Strategy Director at Cox Automotive, ...