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Cox Automotive Inc.

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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.