Cox Automotive
TypeSubsidiary of Cox Enterprises
IndustryAutomotive services
FoundedAugust 21, 2014; 7 years ago (2014-08-21)[1]
HeadquartersAtlanta, Georgia, U.S.
Key people
Stephen M. Rowley (President)
ProductsAuto auction and wholesale services; financial services; media services; software; international services
Revenue$7 billion (2018)[2]
Number of employees
34,000[citation needed] (2020)
ParentCox Enterprises
DivisionsAutotrader.com, Inc.
Subsidiaries
Websitecoxautoinc.com

Cox Automotive is an Atlanta-based business unit of Cox Enterprises, formed in 2014 to consolidate all of Cox's global automotive businesses, including Kelley Blue Book, Xtime, Autotrader.com and Manheim.[3]

History

Cox Automotive was spun off of parent Cox Enterprises in August 2014.[1] In June 2015, the unit announced the acquisition of auto dealer software company Dealertrack Technologies for $4B.[1]

Cox Automotive

As of September 2015, the Cox Automotive business unit divided its brands into five groups, four containing U.S. businesses which include auto auctions and wholesale services, financial services, media, and software, and an international group of its international brands.

The auto auctions and wholesale services group consists of DealShield, Go Auto Exchange, Manheim, Manheim Global Trader and Ready Logistics.

The media group and financial services consists of Autotrader.com, Dealertrack, NextGear Capital, xTime, VinSolutions, vAuto, Dealer.com, Haystak Digital Marketing, HomeNet Automotive and Kelley Blue Book, products designed to drive customer traffic to dealerships.

References

  1. ^ a b c "Cox Enterprises launches Cox Automotive". Atlanta Business Chronicle. August 21, 2014. Retrieved September 1, 2015.
  2. ^ "Cox Automotive - Cox Enterprises". Cox Enterprises. Retrieved February 3, 2018.
  3. ^ "Cox-Dealertrack deal to create full-service dealer software powerhouse". Automotive News. June 15, 2015. Retrieved September 1, 2015.