Is Dealertrack owned by Cox?
Under the terms of the deal, Cox Automotive acquired Dealertrack in an all-cash tender offer to purchase all of the outstanding shares of Dealertrack. The transaction is valued at approximately $4 billion, or $63.25 per share of Dealertrack common stock.
When did Cox Automotive buy Dealertrack?
Dealertrack was acquired by Cox in 2015 for $4.5 billion.
Who owns Cox Automotive?
Cox EnterprisesCox Automotive / Parent organizationCox Enterprises, Inc. is a privately held global conglomerate headquartered in Atlanta, Georgia, United States, with approximately 55,000 employees and $21 billion in total revenue. Its major operating subsidiaries are Cox Communications, Cox Automotive, and Cox Media Group. Wikipedia
What digital retail tool is owned by Cox Automotive?
Provide a fully online consumer car buying experience with Cox Automotive Esntial Commerce™. This industry-first, AI-driven eCommerce solution transforms the traditional deal process by automating the deal steps (financing, contracting, and signing).
What kind of company is Dealertrack?
Dealertrack is the leading provider of integrated dealership technologies. From best-in-class Sales and F&I software that improves the customer experience to a Dealer Management System that boosts employee productivity, Dealertrack is committed to the growth and success of your business.
What industry is Dealertrack technologies?
the automotive industry
Leading technology solutions for the automotive industry Dealertrack makes dealers and lenders more efficient and profitable.
Who owns CDK Global?
Brookfield Business Partners
(Nasdaq: CDK), a leading automotive retail technology company, has entered into a definitive agreement to be acquired by Brookfield Business Partners, together with institutional partners (collectively “Brookfield”), for a total enterprise value of $8.3 billion .
Is dealertrack a public company?
The automotive arm of Atlanta-based Cox Enterprises announced Monday it will pay $4 billion to acquire Dealertrack, a publicly traded company that provides software, marketing and e-commerce services for car dealers.
Does Cox own Manheim?
Cox Automotive, a subsidiary of Atlanta-based Cox Enterprises, includes Manheim, AutoTrader.com, Kelley Blue Book, vAuto, NextGear Capital, and a host of global businesses and brands serving customers such as auto dealers, manufacturers and financial institutions.
What companies are owned by Cox?
The company’s major national brands include Autotrader, Kelley Blue Book, Manheim, Cox Business, Gamut and more. Through Cox Automotive, the company’s international operations stretch across Asia, Australia, Europe and Latin America.
What is automotive digital retailing?
Automotive digital retailing is a process that transforms how car dealers sell vehicles. Dealers use it to merge online tools with their traditional in-person customer service to serve all customers better. These tools allow customers to purchase vehicles entirely online.
What is digital retail platform?
Digital retailing, at its the most basic level, is a series of experiences that allow consumers to easily maneuver and engage with your website at different stages of their purchasing journey.