PYMNTS-MonitorEdge-May-2024

Cox Automotive

Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
Online Auto Industry Stalls as Consumers Drive New Digital-First Experiences
June 28, 2024  |  Retail

With consumers unwilling to trust eCommerce channels to complete their car-buying journeys, the online auto sales industry is seeing shifts. For instance, Bloomberg reported this...

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The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
The Auto Lending Ecosystem Streamlines Refunds and Cancellations With Automated Compliance
February 07, 2024  |  Acquisitions

In all industries, what happens after the sale can be as critical as the initial transactions themselves. That includes the automotive industry, where cancellations and...

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Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
Cox Automotive Rolls Out Synthetic Identity Fraud Indicator for Car Dealers
February 02, 2024  |  Fraud Prevention

Cox Automotive has added a new synthetic identity (ID) fraud indicator to its Dealertrack Compliance solution for car dealers. The new Synthetic ID Fraud Alert is designed...

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Used Vehicles Projected to be 1.1% Cheaper by End of Year
Used Vehicles Projected to be 1.1% Cheaper by End of Year
July 10, 2023  |  Economy

The retail prices of used vehicles may soon be on the decline. After the largest decline in wholesale prices last month since the pandemic began,...

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Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
Used Car Sector Faces ‘Challenging Year’ as Consumers Cut Spending
January 31, 2023  |  Economy

Inflation and an uptick in new vehicle production have dampened the market for used cars. That’s according to a report late Monday (Jan. 30) from...

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US Car Sales Hit Lowest Level in 10+ Years
US Car Sales Hit Lowest Level in 10+ Years
January 04, 2023  |  Economy

When carmakers release their 2022 sales figures this week, they’re unlikely to bring good news. Across the industry, American auto sales are projected to be...

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Titus-Will Automotive Group Launches Automated Used Vehicle Website CarBreezy
Titus-Will Automotive Group Launches Automated Used Vehicle Website CarBreezy
March 21, 2022  |  Transportation

Titus-Will Automotive Group is launching a new fully online and automated pre-owned vehicle website called CarBreezy, according to a press release Monday (March 21). Powered...

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Auto Retailers Tap Tech to Cut Risk of Finding, Buying Used Cars in Unfamiliar Places
Auto Retailers Tap Tech to Cut Risk of Finding, Buying Used Cars in Unfamiliar Places
February 07, 2022  |  Retail

Used cars have never been more popular, scarce or expensive. As a result, the average price of secondhand vehicles has risen 42% over the past...

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Today In Retail: Cox Automotive Rolls Out End-To-End Retail Experience; Pinterest Debuts AR Eyeshadow Try-On Tech
Today In Retail: Cox Automotive Rolls Out End-To-End Retail Experience; Pinterest Debuts AR Eyeshadow Try-On...
January 25, 2021  |  Retail

In today’s top retail news, Cox Automotive has released its Complete Retail online experience, and Pinterest is introducing an augmented reality (AR) try-on tool to...

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