Cox Automotive UK has appointed Carlos Diaz, Adam Johnson and Mark Bolton to bolster its senior technology leadership team.

Diaz joins Cox Automotive UK as its head of software engineering from Preqin Solutions and will help transform software product development;

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Johnson becomes the new head of service and infrastructure, responsible for leading technology service across the business. Prior to Cox Automotive, Johnson was service delivery director at the IT services provider Frontline Consultancy.

Bolton joins as head of delivery, having previously worked in technology consulting with Accenture. Bolton is experienced in delivering large-scale transformation programmes, with global clients, and will take a central role in Cox Automotive UK’s technology transformation plans.

Commenting on the trio’s appointment, Glenn Fishwick, Cox Automotive UK’s Chief Information Officer, said: “This is an exciting time to join our business as we transform all aspects of technology across Cox Automotive UK. We have recently completed the implementation of our largest technology investment made in the UK, our brand-new Auction Information Management System (AIMS), and this is only the start of our transformation journey.

“We have big growth aspirations at Cox Automotive and, as a technology team, we are focusing on how technology will help improve every aspect of our customers’ and colleagues’ day-to-day ways of working.”

The latest Cox Automotive market tracker found that the fourth quarter of 2019 saw the used car market benefit from improving consumer confidence, increased certainty and relatively stable pricing despite an ongoing supply and demand imbalance in the wholesale side of the business.

Philip Nothard, customer insight and strategy director at Cox Automotive, said: “While the much-needed uplift in consumer confidence is pushing buyers to market, many are still looking at used rather than new for reasons as diverse as uncertainty over environmental policy and new vehicle technologies.

“The delayed renewals in the company car sector mean we are looking at constraints on good quality used stock in the first quarter of 2020, prompting dealers to commit one way or the other – margin or volume. With stock shortages and rising demand, dealers are sometimes spending more than they would like to keep forecourts fully stocked.”