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Cox Automotive acquires pkwNOW car auction business


Cox Automotive has acquired German dealer-to-dealer online auction business pkwNOW.
The business, which specialises in dealer and export vehicles, lease returns and fleet vehicles, has successfully grown its market share to become one of the leading online trade auction platforms.
Cox Automotive intends to accelerate pkwNOW’s growth following the acquisition, using its expertise in online D2D auctions through Manheim Express in Germany and its technological solutions.
The acquisition will help Cox Automotive to scale its remarketing capability in Germany as well as increasing the volume of cars sold every year. It will also help improve Cox Automotive’s digital customer offering in Germany as well as bring new talent and expertise into the business. ....

Martin Forbes , Sebastian Fuchs , Cox Automotive International , Cox Automotive , Manheim Express , Continental Europe , மார்டின் ஃபோர்ப்ஸ் , செபாஸ்டியன் ஃப்யூக்ஸ் , காக்ஸ் தானியங்கி சர்வதேச , காக்ஸ் தானியங்கி , மன்ஹெய்ம் எக்ஸ்பிரஸ் , கண்டம் யூரோப் ,