Cox Automotive's latest forecast anticipates that U.S. new vehicle sales for August will remain relatively stable when adjusted seasonality

Stable outlook for U.S. new vehicle sales in August, forecast shows

Jaelyn Campbell - August 29, 2024

Cox Automotive's latest forecast anticipates that U.S. new vehicle sales for August will remain relatively stable when adjusted for significant seasonality. The seasonally adjusted annual rate (SAAR) is projected to...

Headlines Articles

The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5%

Federal Reserve maintains interest rates, keeping vehicle financing costs high

Jaelyn Campbell - August 1, 2024

The Federal Reserve opted to keep its benchmark rate unchanged during its July meeting, maintaining the target range between 5.25% and 5.5% to restrict future inflation. This decision, however, continues...

Headlines Articles

U.S. auto sales through the first half of the year are up by 2.9% compared to a year ago. But, concerns loom over if the industry can sustain

Uncertainty looms over U.S. auto sales momentum

CBT News Editorial Team - June 26, 2024

U.S. auto sales through the first half of the year are up by 2.9% compared to a year ago. However, concerns loom about whether the industry can sustain this momentum...

Headlines Articles

Cox Automotive anticipates a positive trend in May for new-vehicle sales compared to last year, buoyed by higher inventory levels.

Cox Automotive forecasts improved May new-vehicle sales driven by increased inventory/incentives

Jaelyn Campbell - May 28, 2024

Cox Automotive anticipates a positive trend in May's new-vehicle sales compared to last year, buoyed by significantly higher inventory levels leading to more attractive incentives. However, despite this optimism, challenges in...

Headlines Forecasts & Research

Merdeces-Benz vote to unionize, Subaru collaborates with Toyota, Tesla offers 0.99% APR

CBT News Editorial Team - May 13, 2024

Top Stories Mercedes-Benz Alabama plant workers vote on unionization. Read More Subaru partners with Toyota on all electric crossovers. Read More Tesla offers 0.99% financing on Model Y. Read More Global PHEV registration surges...

Daily Newscast

New vehicle demand remains on track to make 2024 the best sales year since the COVID-19 pandemic, despite a small speed bump in April.

New vehicle sales set to fall in April but maintain healthy pace

CBT News Staff Writer - April 25, 2024

New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability, more inventory, and stable demand. Cox Automotive...

Articles Headlines

Auto industry news: Apple car project ends, EVs rise, new charging solutions, and the launch of innovative electric supercars.

Weekly roundup: Apple Car shelved, hybrids gain traction, new EV superchargers and supercars

CBT News - March 1, 2024

Earlier this week: Apple's car project was shelved due to various challenges, leaving the fate of 2,000 jobs in limbo. Consumer Reports' latest vehicle ratings favor electrification, with hybrids and...

Daily Automotive News Articles

Ford cuts F-150 prices again, Vehicle inventory remains stable, U.S. invests $325M for EV charger repairs

Jaelyn Campbell - January 22, 2024

Inside Automotive How will the 2024 auto market compare to last year? — Charlie Chesbrough | Cox Automotive On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Charlie Chesbrough,...

Daily Newscast

New car sales rose in December over the previous year, allowing the 2023 total sales volume to rise 11.6% from 2022.

New car sales improve in December, full-year volume hits 15.5 million

CBT News Staff Writer - January 3, 2024

New car sales will improve on a monthly and yearly basis, according to Cox Automotive, following a late-season demand surge in December. Based on the sales pace, Cox Automotive believes 1.36...

Articles Sales & Marketing

Jeep Gladiator production on hold, UAW-GM deal update, Volkswagen considering $22,000 EV

CBT News - November 17, 2023

Inside Automotive How dealers are navigating the challenges and opportunities in the industry – Charlie Chesbrough | Cox Automotive As we continue to navigate the vastly changing landscape of retail automotive, it's...

Daily Newscast

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Stable outlook for U.S. new vehicle sales in August, forecast shows

Federal Reserve maintains interest rates, keeping vehicle financing costs high

Uncertainty looms over U.S. auto sales momentum

Cox Automotive forecasts improved May new-vehicle sales driven by increased inventory/incentives

Merdeces-Benz vote to unionize, Subaru collaborates with Toyota, Tesla offers 0.99% APR

New vehicle sales set to fall in April but maintain healthy pace

Weekly roundup: Apple Car shelved, hybrids gain traction, new EV superchargers and supercars

Ford cuts F-150 prices again, Vehicle inventory remains stable, U.S. invests $325M for EV charger repairs

New car sales improve in December, full-year volume hits 15.5 million

Jeep Gladiator production on hold, UAW-GM deal update, Volkswagen considering $22,000 EV

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