Getting Into Automotive

08/20/2018

The company’s then Chairman, Jim Cox Jr., purchased Manheim Auto Auction, a small operation in Manheim, Pennsylvania, in 1968. Cox had become aware of the fledgling auto auction industry through its ownership of the “Black Book” used car price guides.

Cox purchased the Black Book’s publishing company, National Auto Research Publications, in 1965, and it was considered a standard price guide for used cars. Three years later Gene McDonald, head of the publishing company, heard that a growing company selling used cars was for sale. He passed along his recommendation to buy Manheim Auction to higherups.

Though a departure from the company’s media properties, Manheim met the success requirements of Cox’s other businesses: an emphasis on customer service (not inventory), high operating margins and an industry with lots of growth potential. 

The 1980s saw Manheim Auctions acquire its first non-U.S. auction in Toronto, Canada, making Cox an international company. As the 1990s arrived, so did Autotrader.com. Launched in 1997, the online marketplace for car shoppers and sellers became the top automotive classified website by the year 2000.

Today, the many Cox Automotive brands continue to be leaders in their industries for vehicle remarketing, digital marketing and software solutions.

SHARE THIS NEWS

Read more like this

Cox Communications and Charter Communications Announce Definitive Agreement to Combine Companies
Cox Communications
Cox Communications and Charter Communications Announce Definitive Agreement to Combine Companies

05/16/2025

New company will be an industry leader in mobile and broadband communications services.

Cox Enterprises to Match Dollar-for-Dollar Contributions Empowering Students with STEAM Education
Cox Enterprises
Cox Enterprises to Match Dollar-for-Dollar Contributions Empowering Students with STEAM Education

05/06/2025

This National Teacher Appreciation Week, Cox is helping students embrace the power of creativity and...

BrightFarms Is Now Shipping From Its Macon Greenhouse, Georgia's Most Advanced Facility
Cox Enterprises
BrightFarms Is Now Shipping From Its Macon Greenhouse, Georgia's Most Advanced Facility

03/05/2025

With this expansion — its third in a year — BrightFarms, a Cox Farms brand, is advancing its growth...