Cox Automotive Inc.
Company Overview
Name, Mission of the Company
Cox Automotive Inc.
Mission: Transforming the way the world buys, sells, owns, and uses cars with industry-leading digital marketing, financial, retail, and wholesale solutions for consumers, dealers, and manufacturers worldwide.
Founded, Founders
- Founded: No information is available for the specific founding date and founders of Cox Automotive Inc.
Key People
- Chief Economist: Jonathan Smoke
- Executive Vice President and Chief Marketing Officer: Ken Kraft
- President: Steve Rowley
Headquarters
- Location: Atlanta, Georgia, USA
Number of Employees
- Total Employees: 34,000+
Revenue
- Annual Revenue: $22 billion (associated with parent company, Cox Enterprises)
Known For
- Cox Automotive is known for being the world’s largest automotive services and technology provider, offering a complete set of solutions for the automotive dealer, including digital marketing, financial, retail, and wholesale solutions.
Products
Product Offerings
Autotrader
- Description: Online car shopping platform.
- Key Features:
- Immersive digital shopping experience.
- 18.4M unique visitors monthly.
- 20,000+ dealer clients.
Central Dispatch
- Description: Digital marketplace for self-managed transportation.
- Key Features:
- Connection to tens of thousands of reliable carriers.
- View carrier ratings and credentials.
- Secure the best rates with historical pricing data.
- 16,000 carriers and 16,000 shippers as of 2023.
Dealer.com
- Description: Digital marketing solutions for automotive dealers.
- Key Features:
- Personalized digital marketing experiences.
- Powered by Cox Automotive’s first-party consumer data.
- 43.1M vehicles viewed per month.
- 91% of top 125 U.S. dealer groups partner with Dealer.com.
Dealertrack
- Description: Dealer and lender efficiency solutions.
- Key Features:
- Largest lender/dealer network in North America.
- Advanced DMS with 200+ certified Opentrack partners and 1,600+ finance sources.
- Complete registration and title solutions.
EV Battery Solutions
- Description: End-to-end EV battery lifecycle management.
- Key Features:
- Battery management, remanufacturing, diagnostics, and valuation.
- Global presence with battery centers in the US, Europe, and UK.
- Over 1M combined global square feet of facilities.
Kelley Blue Book
- Description: Trusted automotive valuation and marketing solutions.
- Key Features:
- Industry-standard vehicle valuations.
- Tools to connect consumers, dealers, and manufacturers.
- 66% of all car buyers use KBB.com.
Manheim
- Description: Wholesale vehicle marketplace.
- Key Features:
- World's largest wholesale marketplace.
- Streamlined wholesale process.
- Over 2.3M+ vehicles sold digitally and 8M+ vehicles offered annually.
NextGear Capital
- Description: Floor plan financing for car dealers.
- Key Features:
- Customizable floor plans for inventory acquisition.
- Over 24,000 dealers served.
- Access to over 1,000 live and online auctions.
vAuto
- Description: Inventory management solutions.
- Key Features:
- ProfitTime Global Acquisition system.
- Helps dealers optimize investment returns on every used vehicle.
- Engages 13,000+ U.S. dealers.
VinSolutions
- Description: CRM solutions for automotive dealers.
- Key Features:
- Turns data into deals with predictive insights.
- Connects marketing, sales, service, and operations workflows.
- Identifies shoppers 15x more likely to buy.
Xtime
- Description: End-to-end service solutions for automotive dealerships.
- Key Features:
- Increases service retention and profitability.
- Boosts efficiency of technicians and advisors.
- 13.3% increase in service retention.
Recent Developments
New Products and Features
- Manheim Launches Three Fixed Imaging Tunnels at Manheim Pennsylvania – The fixed imaging tunnels powered by Fyusion boast 50 machine vision cameras for comprehensive vehicle imaging.
- Autotrader ASMR Road Trip Playlist for Dogs – Celebrating National Dog Day with a collaboration with country singer Walker Hayes.
- Central Dispatch Unveils Integrated Transportation Marketplace – A significantly enhanced platform simplifying vehicle transportation management.
Partnerships
- Trudell and Northeast Great Dane – New partnerships enhancing Fleet Services’ offerings with trailer service and repairs.
Awards
- Sustainability Award Recipient: Grubbs Auto Family recognized for outstanding community contributions and in-dealership sustainable programs.
- Barbara Cox Woman Of The Year 2024: Recognition of women leaders within Cox Automotive.
Studies and Insights
- 2024 Path to EV Adoption Study: Indicates a significant increase in EV consideration in the second half of the decade.
- 2024 Car Buyer Journey Study: Shows that 69% of consumers highly satisfied with vehicle shopping, up from 61% in 2022.
This information provides a comprehensive and professional overview of Cox Automotive Inc., highlighting its significant role, products, and recent developments within the automotive industry.