Results for: Cox Automotive

Despite differing projections, both Cox Automotive and JD Power anticipate a modest decline in US new vehicle sales during the third quarter of 2023. While Cox predicts a 2% drop, JD Power forecasts a slight increase, attributing it to a calendar quirk affecting September sales. The report also sheds light on the impact of EV discounts and Tesla’s anticipated performance.

Electric vehicle sales are projected to increase by 8% in the third quarter, despite a decline in Tesla sales. The higher price of EVs compared to traditional vehicles remains a barrier to wider adoption.