Using their investments and other solutions, Cox Automotive is pushing toward the potential future of mobility and creating a new subdivision called Mobility Solutions Group. After years of putting money into new technologies and platforms to create their advanced fleet management support business, Cox is now ready to really focus on consumer mobility.
The new business division, which is focused in part on mobility as a service, will house these solutions and investments, as well as 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, 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."
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