Cox Automotive Canada says prepare for 'complex transformation' of auto industry - Cox Automotive Canada

Cox Automotive Canada says prepare for ‘complex transformation’ of auto industry

Mississauga, Ont.—February 17, 2017—In a recent Automotive News Canada article, Cox Automotive Canada President, Maria Soklis, warned of an “imminent” paradigm shift that’s taking place in the automotive industry.

Mississauga, Ont.—February 17, 2017—In a recent Automotive News Canada article, Cox Automotive Canada President, Maria Soklis, warned of an “imminent” paradigm shift that’s taking place in the automotive industry.

In speaking with Automotive News Canada publisher Jason Stein during the first Automotive New Canada Congress in Toronto in February, Soklis said that the pressure on manufacturers and dealers to “hit numbers” will always be present.

But Soklis also said that the OEMs, dealers, and lenders that invest now have the best chance to benefit from the technical and cultural changes that digital retailing is having on consumers.

“It could be catastrophic to sit back and let the industry take off in whatever way it will,” Soklis added.

To find out more about Soklis’s views, read the whole article here.

Source: Automotive News Canada

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