Newsroom | Cox Automotive

David Beckam 3 years ago




Newsroom | Cox Automotive




























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Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles

07/22/2021


BLOOMFIELD HILLS, MI and ATLANTA, GA (July 22, 2021) – Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (“CAI”), announced today they have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles. The automated online buying platform, which is owned exclusively by Cox Automotive, allows consumers to select from high-quality, preowned vehicles through PAG’s U.S. CarShop used…
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Fleet Sales Improve Slightly in December, End Year Down 4%

01/06/2022


In December, 113,195 fleet units were sold, a 9% month-over-month increase compared to 104,227 in November but a drop of 32% from December 2020. With December in the books, the 2021 year-to-date total of combined large rental, commercial, and government purchases of new vehicles is approximately 1.6 million units, a 4% decrease from full-year 2020 when 1.7 million units were sold. Notably, though, fleet sales year…
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