ATLANTA — Cox Automotive announced the formation of Mobility Solutions Group, a new business division focused in part on mobility as a service for consumers and fleets. It will also house the newly acquired Clutch Technologies, a technology platform powering subscription access for the automotive industry.
“Cox Automotive is continually evolving — delivering digital retailing solutions for the immediate term while developing and investing in solutions that will fuel new models for consumer mobility and enable fleet management solutions well into the future,” said Sandy Schwartz, president of Cox Automotive. “The future of mobility as a service is a massive business opportunity, with some estimates at well in excess of $1 trillion by 2030. Our goal is to grow our presence in that part of the business and help all our partners and clients successfully navigate the many new opportunities.”
Cox’s Mobility Solutions Group will be led by President Joe George and already includes the Autotrader, Dealer.com, and Kelley Blue Book brands. David Liniado, vice president of new growth and development, Jenny Bedard, head of finance, and Vince Zappa, president of Clutch Technologies, will report to George and help build a team to further develop Cox Automotive’s mobility capabilities.
“Cox Automotive has played a large role in introducing vehicle subscriptions to the marketplace,” said George. “And, we’re already pros at reconditioning, managing vehicles as assets, perfecting the consumer experience and developing elegant software solutions to make complex operations more efficient and profitable. We’re looking forward to helping clients disrupt the traditional car-buying and ownership models in ways that are advantageous for their businesses.”
Originally posted on F&I and Showroom