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.
A new JD Power study reveals that declining EV prices and increased financing options are driving higher adoption rates of electric vehicles. The report highlights a record-high parity score in the JD Power EV Index, indicating EVs are becoming more price-competitive with gas-powered vehicles. This trend is attributed to new affordable EV models, discounts, and improved charging infrastructure. The study predicts strong EV sales in the coming year, with a significant increase in electric SUVs and pickups driving the market.
Marriott International’s The Luxury Collection and Element by Westin have secured the highest rankings in the JD Power 2024 Hotel Guest Satisfaction Index Study, demonstrating their commitment to exceptional service and guest experiences. The Luxury Collection leads in the luxury category, while Element by Westin excels in the upscale segment, highlighting their dedication to providing memorable and fulfilling stays.
