Peter Grupposo succeeds Holly Capps overseeing the commercial sales, dealer sales and market insights teams for Manheim and NextGear Capital.
The partnership between Cox Automotive Mobility and Spiers New Technologies adds new service centers to support the transition to electric vehicles.
The Commercial Vehicle Safety Alliance plans to address a growing problem of brake systems and brake adjustment violations during its annual Brake Safety Week running Aug. 21-27.
While prices and supply stabilize somewhat, the overall supply is far below historical levels, said Charlie Chesbrough, Cox Automotive senior economist.
According to data from Kelley Blue Book, the average transaction price (ATP) for a new vehicle surpassed the $48,000 mark in June, the highest ATP on record.
The downward trend continues, as June CPO sales were down 1% from May’s sales stats.
Compared to last month, wholesale used vehicle prices are down 1.3%, but year over year, prices are up 10.7%.
May’s CPO sales result is the lowest since February, also down over 22% from May 2021.
The unified brand brings together a more complete array of services for light, medium and heavy-duty trucks and trailers.
Fox joins the Cox Automotive Europe operation after 17 years with GEFCO.
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