Cox Automotive saw falling days in stock and high volumes in its online and auction hall used vehicle selling platforms in September – but values were down at Manheim auctions.
Modix and Xtime join existing Cox Automotive brands in the UK, including Manheim, Motors.co.uk, NextGear Capital UK, Dealer Auction and Movex.
Former Auto Trader directors Darren Sinclair and Jonathan Williams have joined Manheim and Motors.co.uk parent company Cox Automotive in new digital roles.
Ray Sommerville has joined Cox Automotive UK as non-executive director to help drive business growth across all of its brands.
Ex-fleet car prices experienced a 4.9% price drop in May according to data collated by Cox Automotive brands Manheim and Motors.co.uk.
A ‘Women with Drive’ initiative has been launched in the UK by service business company, and owner of Manheim and Motors.co.uk, Cox Automotive.
Andy Coulthurst is to step down as managing director of Motors.co.uk to be replaced by its commercial director Phill Jones.