{"id":516226,"date":"2021-07-22T07:04:48","date_gmt":"2021-07-22T11:04:48","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\/"},"modified":"2021-07-22T07:04:48","modified_gmt":"2021-07-22T11:04:48","slug":"penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\/","title":{"rendered":"Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Digital Platform Enables Consumers to Transact 100% Online<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span><\/p>\n<p>\n            <span class=\"xn-location\">BLOOMFIELD HILLS, Mich.<\/span> and <span class=\"xn-location\">ATLANTA<\/span>, <span class=\"xn-chron\">July 22, 2021<\/span> \/PRNewswire\/ &#8212; Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (&#8220;CAI&#8221;), announced today they have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles. The automated online buying platform, which is owned exclusively by Cox Automotive,allows consumers to select from high-quality, preowned vehicles through PAG&#8217;s U.S. CarShop used vehicle SuperCenters and franchised dealerships. <\/p>\n<p>        <\/span>\n      <\/p>\n<p>Cox Automotive&#8217;s patent-pending artificial intelligence retail technology, <span id=\"spanHghltfd33\">Essential <\/span>Commerce\u2122, powers CarShop&#8217;s U.S. digital platform to provide consumers with an automated,100% online vehicle purchase.\u00a0 Features include personalized monthly payments across all inventories, trade-in capabilities, application, approval for financing, digital contracting, and digital signatures.<\/p>\n<p>\n        <span>Esntial Commerce offers payment personalization based on the consumer&#8217;s risk profile, selected vehicle, and preferred deal structure using an AI\/machine learning algorithm. Offering actual financing and the ability to immediately transact online allows consumers to move forward confidently, knowing their financing has been approved.<\/span>\n      <\/p>\n<p>\n        <span \/><br \/>\n        <span>This industry-first scalable eCommerce platform and its artificial intelligence enable automation for retail operations so that consumers can:<\/span>\n      <\/p>\n<ul type=\"disc\">\n<li>\n          <span \/><br \/>\n          <span>Instantly compare up to four vehicles<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Receive personalized payments for the consumer&#8217;s selected vehicles based on each consumer&#8217;s credit profile, including payments for taxes, titling, and other fees<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>\u00a0<\/span><br \/>\n          <span>Select their payment terms based on credit profile<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>\u00a0<\/span><br \/>\n          <span>Add aftermarket protection products<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Determine trade-in value<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Receive approval for financing<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Complete and sign deal paperwork online<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Make any required down payment<\/span>\n        <\/li>\n<li>\n          <span \/><br \/>\n          <span>Arrange for delivery directly to the consumer&#8217;s preferred location, either at home or one of CarShop&#8217;s U.S. locations<\/span>\n        <\/li>\n<\/ul>\n<p>\n        <span \/><br \/>\n        <span>CarShop is the first retailer in-market with Cox Automotive&#8217;s industry-leading solution. Penske Automotive Group Chair <span class=\"xn-person\">Roger Penske<\/span> said, &#8220;Over the last year the PAG and CAI teams have collaborated on this unparalleled technology that delivers a completely digital solution to the marketplace. This new digital platform meets the digital-first demands of today&#8217;s customer while providing us with the opportunity to offer our customers 100% online functionality.&#8221;\u00a0 <\/span>\n      <\/p>\n<p>\n        <span>&#8220;Penske&#8217;s CarShop powered by Cox Automotive\u00a0Esntial\u00a0Commerce delivers personalization, F&amp;I automation, and a seamless closing of the transaction when buying a vehicle online,&#8221; said\u00a0Steve Rowley, President, Cox Automotive. &#8220;No one\u00a0has\u00a0delivered\u00a0an automotive\u00a0eCommerce solution that can scale to support the industry&#8217;s transformation for retailers and for consumers \u2013 until now. A<\/span><br \/>\n        <span>s our solution matures, we expect it to drive both consumer satisfaction <\/span><br \/>\n        <span>and profitability.&#8221;<\/span>\n      <\/p>\n<p>\n        <span \/><br \/>\n        <span>PAG has launched this fully functioning digital platform in select markets through its CarShop used vehicle SuperCenters at <\/span><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3236073-1&amp;h=1744074289&amp;u=http%3A%2F%2Fwww.carshop.com%2F&amp;a=www.carshop.com\" rel=\"nofollow noopener\"><br \/>\n          <span>www.carshop.com<\/span><br \/>\n        <\/a><br \/>\n        <span>.\u00a0 Cox Automotive continues to focus on development to further enhance the user experience, operational efficiencies, market expansion and to add vehicle inventory. <\/span>\n      <\/p>\n<p>\n        <span>With the addition of Esntial Commerce, Cox Automotive now offers the most comprehensive set of digital sales solutions that include person-to-person digitally assisted selling tools and now automated eCommerce capabilities.\u00a0 Building on its mission, Cox Automotive developed this wholly owned solution to drive automotive industry transformation and will be offering Esntial Commerce to additional clients later this year.\u00a0<\/span>\n      <\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span>About Penske Automotive<\/span><br \/>\n          <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span \/><br \/>\n          <\/u><br \/>\n        <\/b><br \/>\n        <span>Penske Automotive Group, Inc., (NYSE: PAG) headquartered in <span class=\"xn-location\">Bloomfield Hills, Michigan<\/span>, is a diversified international transportation services company and one of the world&#8217;s premier retailers and service providers for light-duty vehicles and commercial trucks.\u00a0 PAG operates light-duty vehicle dealerships principally in <span class=\"xn-location\">the United States<\/span>, the <span class=\"xn-location\">United Kingdom<\/span>, <span class=\"xn-location\">Germany<\/span> and <span class=\"xn-location\">Italy<\/span> and is the largest retailer of commercial trucks in <span class=\"xn-location\">North America<\/span> for Freightliner.\u00a0 PAG also distributes and retails commercial vehicles, diesel and gas engines, power systems and related parts and services principally in <span class=\"xn-location\">Australia<\/span> and <span class=\"xn-location\">New Zealand<\/span>. Additionally, PAG owns 28.9% of Penske Transportation Solutions, a business that provides innovative transportation, supply chain and technology solutions.\u00a0 PAG is a member of the Fortune\u00a0500, Russell\u00a01000, and Russell 3000 indexes, and is ranked among the World&#8217;s Most Admired Companies by Fortune Magazine. For additional information, visit the company&#8217;s website at <\/span><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3236073-1&amp;h=3590040730&amp;u=http%3A%2F%2Fwww.penskeautomotive.com%2F&amp;a=www.penskeautomotive.com\" rel=\"nofollow noopener\"><br \/>\n          <span>www.penskeautomotive.com<\/span><br \/>\n        <\/a><br \/>\n        <span>.<\/span>\n      <\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span>About CarShop<\/span><br \/>\n          <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <span>CarShop offers high-quality used vehicles with transparent, up-front, no-haggle pricing and a money-back guarantee.\u00a0 Customers shopping online can use innovative digital tools to choose from thousands of vehicles, obtain customized, personalized payments on every vehicle, and schedule a delivery to the customer&#8217;s preferred location, either at home or at one of CarShop&#8217;s 19 locations in the U.S. and U.K.\u00a0 Whether purchasing at one of its used-vehicle SuperCenters or completely (100%) online at <\/span><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3236073-1&amp;h=1744074289&amp;u=http%3A%2F%2Fwww.carshop.com%2F&amp;a=www.carshop.com\" rel=\"nofollow noopener\"><br \/>\n          <span>www.carshop.com<\/span><br \/>\n        <\/a><br \/>\n        <span> or <\/span><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3236073-1&amp;h=3138730021&amp;u=http%3A%2F%2Fwww.carshop.co.uk%2F&amp;a=www.carshop.co.uk\" rel=\"nofollow noopener\"><br \/>\n          <span>www.carshop.co.uk<\/span><br \/>\n        <\/a><br \/>\n        <span>, CarShop offers car buyers a seamless shopping experience. CarShop is a wholly owned subsidiary of Penske Automotive Group (NYSE: PAG).<\/span><br \/>\n        <span><\/span><br \/>\n        <span>The CarShop logo is a trademark of Penske Automotive Group, Inc.<\/span>\n      <\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span>About Cox Automotive<\/span><br \/>\n          <\/u><br \/>\n        <\/b>\n      <\/p>\n<p>\n        <span>Cox Automotive Inc. makes buying, selling, owning and using vehicles easier for everyone. The global company&#8217;s more than 27,000 team members and family of brands, including Autotrader\u00ae, Dealer.com\u00ae, Dealertrack\u00ae, Dickinson Fleet Services, Kelley Blue Book\u00ae, Manheim\u00ae, NextGear Capital\u00ae, VinSolutions\u00ae, vAuto\u00ae and Xtime\u00ae, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, <span class=\"xn-location\">Atlanta<\/span>-based company with annual revenues of nearly <span class=\"xn-money\">$20 billion<\/span>. <\/span><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3236073-1&amp;h=1742897507&amp;u=http%3A%2F%2Fwww.coxautoinc.com%2F&amp;a=www.coxautoinc.com\" rel=\"nofollow noopener\"><br \/>\n          <span>www.coxautoinc.com<\/span><br \/>\n        <\/a>\n      <\/p>\n<p>\n        <b><br \/>\n          <u><br \/>\n            <span>Caution Concerning Forward Looking Statements<br \/><\/span><br \/>\n          <\/u><br \/>\n        <\/b><br \/>\n        <span>Statements in this press release may involve forward-looking statements, including forward-looking statements regarding Penske Automotive Group, Inc.&#8217;s digital capabilities and used vehicle sales process.\u00a0 Actual results may vary materially because of risks and uncertainties that are difficult to predict. These risks and uncertainties include, among others:, the duration, severity and resolution of the COVID-19 pandemic, government mandated restrictions on our business in light of COVID-19 or otherwise, economic conditions generally, conditions in the credit markets, changes in interest rates and foreign currency exchange rates, changes in tariff rates,\u00a0new rules in place after the recent Brexit accord between the European Union and the U.K. could slow parts originating in the U.K. or <span class=\"xn-location\">Europe<\/span> for distribution to our dealerships, adverse conditions affecting a particular manufacturer, including the adverse impact to the vehicle and parts supply chain due to limited vehicle availability due to the COVID-19 pandemic, the shortage of automotive semiconductor chips or other components, natural disasters, recall or other disruptions that interrupt the supply of vehicles or parts to us, changes in consumer credit availability, the outcome of legal and administrative matters, and other factors over which management has limited control. These forward-looking statements should be evaluated together with additional information about Penske Automotive Group&#8217;s business, markets, conditions, and other uncertainties, which could affect Penske Automotive Group&#8217;s future performance. These risks and uncertainties are addressed in Penske Automotive Group&#8217;s Form 10-K for the year ended <span class=\"xn-chron\">December 31, 2020<\/span>, and its other filings with the Securities and Exchange Commission (&#8220;SEC&#8221;). This press release speaks only as of its date, and Penske Automotive Group disclaims any duty to update the information herein.<\/span>\n      <\/p>\n<div>\n<table id=\"convertedTable420f\" cellspacing=\"0\" cellpadding=\"0\" border=\"1\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Inquiries should contact:\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Penske Automotive Group\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">\u00a0Cox Automotive<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Anthony R. Pordon\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Chintan Talati<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Executive Vice President Investor Relations and <br \/>Corporate Development <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Senior Director Public Relations<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">248-648-2540\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">210-884-3675\u00a0<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:tpordon@penskeautomotive.com\" class=\"prnews_a\" rel=\"nofollow noopener\">tpordon@penskeautomotive.com<\/a>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:chintan.talati@coxautoinc.com\" class=\"prnews_a\" rel=\"nofollow noopener\">Chintan.Talati@coxautoinc.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder4771\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/326905\/penske_automotive_group_logo.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/326905\/penske_automotive_group_logo.jpg\" title=\"Penske Automotive Group logo. (PRNewsFoto\/Penske Automotive Group)\" alt=\"Penske Automotive Group logo. (PRNewsFoto\/Penske Automotive Group)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1451567\/CarShop_Horizontal_Feb_2021.html\" target=\"_blank\" rel=\"nofollow noopener\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1451567\/CarShop_Horizontal_Feb_2021.jpg\" title=\"(PRNewsfoto\/Penske Automotive Group, Inc.)\" alt=\"(PRNewsfoto\/Penske Automotive Group, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=DE51366&amp;sd=2021-07-22\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles-301339170.html\">https:\/\/www.prnewswire.com\/news-releases\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles-301339170.html<\/a><\/p>\n<p>SOURCE  Penske Automotive Group, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=DE51366&amp;Transmission_Id=202107220700PR_NEWS_USPR_____DE51366&amp;DateId=20210722\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Digital Platform Enables Consumers to Transact 100% Online PR Newswire BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 \/PRNewswire\/ &#8212; Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (&#8220;CAI&#8221;), announced today they have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles. The automated online buying platform, which is owned exclusively by Cox Automotive,allows consumers to select from high-quality, preowned vehicles through PAG&#8217;s U.S. CarShop used vehicle SuperCenters and franchised dealerships. Cox Automotive&#8217;s patent-pending artificial intelligence retail technology, Essential Commerce\u2122, powers CarShop&#8217;s U.S. digital platform to provide consumers with an automated,100% online vehicle purchase.\u00a0 Features include personalized monthly payments across all inventories, trade-in capabilities, application, approval for financing, digital contracting, and &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-516226","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Digital Platform Enables Consumers to Transact 100% Online PR Newswire BLOOMFIELD HILLS, Mich. and ATLANTA, July 22, 2021 \/PRNewswire\/ &#8212; Penske Automotive Group, Inc., (NYSE:PAG) and Cox Automotive, Inc. (&#8220;CAI&#8221;), announced today they have jointly developed a transformational, fully automated technology platform to enable the online retail sale of used vehicles. The automated online buying platform, which is owned exclusively by Cox Automotive,allows consumers to select from high-quality, preowned vehicles through PAG&#8217;s U.S. CarShop used vehicle SuperCenters and franchised dealerships. Cox Automotive&#8217;s patent-pending artificial intelligence retail technology, Essential Commerce\u2122, powers CarShop&#8217;s U.S. digital platform to provide consumers with an automated,100% online vehicle purchase.\u00a0 Features include personalized monthly payments across all inventories, trade-in capabilities, application, approval for financing, digital contracting, and &hellip; Continue reading &quot;Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-22T11:04:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/326905\/penske_automotive_group_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles\",\"datePublished\":\"2021-07-22T11:04:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/\"},\"wordCount\":1190,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/326905\\\/penske_automotive_group_logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/penske-automotive-group-and-cox-automotive-debut-automated-platform-for-retailing-used-vehicles\\\/\",\"name\":\"Penske Automotive Group and Cox Automotive Debut Automated Platform for Retailing Used Vehicles - 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