Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.
The company will now have a stake in the second largest used vehicle market, according to a release.
Cox Automotive Gains Majority Stake of Molicar
Cox Automotive has acquired a majority shareholding in Molicar, Brazil's vehicle valuations business.
by Staff
April 13, 20161 min to read
Molicar currently facilitates around 13 million vehicle valuations a year and has a vehicle catalog that contains 22,000 different models and prices that are updated weekly across 12 different regions.
“We expect the deal to complete in early May at which point the addition of Molicar will mean that we have valuation propositions in the world’s top three used vehicle markets. This partnership represents a very exciting development that further enhances the range of products and services that Cox Automotive is able to offer to clients across the globe," said John Bailey, president of Cox Automotive International.
Currently, Cox Automotive owns Kelley Blue Book in the U.S. and JingZhenGu in China.
More Global Fleet
Sponsored•March 1, 2026
One University Cut Motor Pool Costs by $45K. Here's the Playbook.
Still managing your motor pool with spreadsheets and manual approvals? Loyola University replaced outdated processes with automated fleet management, eliminating overtime and saving up to $50,000 annually. See how they did it.
Read More →
Enterprise Fleet Management Surpasses 900,000 Vehicles in U.S. & Canada
Enterprise Mobility connects with mobility solutions around the globe
Read More →
Sumitomo Rubber Industries to Acquire Viaduct
Viaduct will join Sumitomo as an independent subsidiary. Partnership strengthens global reach and accelerates AI-driven innovation for fleets and manufacturing.
Read More →
AfMA’s 2025 Education & Leadership Summit: 26 Years of Impactful Connection
Held in Sydney, the Australasian Fleet Management Association’s 2025 Summit marked ten years of growth as the event expanded its global reach and doubled down on practical, non-commercial fleet leadership programming.
Read More →
Closing Soon! Nominate a 2025 Global Fleet Team of the Year
Submit your nomination for the award that honors outstanding multinational fleet teams. Nominations close Aug. 15.
Read More →
Seven Strategies to Reduce Preventable Accidents
“Accidents” suggest inevitability, but most crashes are preventable — caused by driver actions and behaviors. Here’s why shifting the narrative can improve road safety.
Read More →
2024 Global Fleet Conference in Photos
Check out photos from the first two days of the 2024 Global Fleet Conference, which convened for the first time in San Diego Nov. 4-6 as part of the new Fleet Week series of conferences.
Read More →
Inside the 2024 Global Fleet Conference: Insights from Bobit CEO Colin Sutherland
With GFC joining Fleet Forward and Fleet Safety Conferences, attendees can engage in essential discussions on procurement, ESG goals, and safety.
Read More →
Global Fleet Conference: Achieving Net-Zero Goals
On Nov. 5 in San Diego, join industry leaders from Schindler Elevator and Geotab as they share ideas and approaches to reaching emissions goals in global fleet operations.
Read More →
Call for Nominations: 2024 Global Fleet Manager of the Year
Nominate a fleet manager or team today and recognize some of the best and brightest in the global fleet industry.
Read More →