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3 min read
Another Record Broken: Q1 Electric Vehicle Sales Surpass 250,000, as EV Market Share in the U.S. Jumps to 7.2% of Total Sales
04/12/2023
For more than a year now, the Industry Insights team at Cox Automotive has been expecting monthly new-vehicle sales to improve. In most of 2022, monthly sales volume was consistently stuck at around 1.1 million units as low new-vehicle inventory levels squeezed sales. Inventory has improved notably, and new-vehicle sales are increasing. Inventory volume in Q1 was up by 70% compared to the same timeframe last…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
Electrified Vehicles
Market Insights
Data Point
6 min read
Rapid Growth: Sales of Used Electric Vehicles Increase by 32% in Q1, According to Cox Automotive Estimates
04/07/2023
ATLANTA (April 7, 2023) – According to data assembled by Cox Automotive, the world’s largest automotive services and technology provider, the market for used electric vehicles (EVs) in the U.S. is beginning to accelerate rapidly as more used EVs become available and buyers snap them up. The rapid growth of new EV sales in the U.S. has been well documented; Cox Automotive is forecasting sales of…
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Electric Vehicles
EV sales
Cox Automotive Mobility
Press Releases
2 min read
In a Down Market, EV Sales Soar to New Record
01/13/2023
In an auto market that saw total new vehicles fall 8% year over year, battery-electric vehicles (EVs) sales were a bright spot. According to the latest counts from Kelley Blue Book, total new-vehicle sales in the U.S. fell in 2022 to 13.8 million units, down from 15 million in 2021 and well down from the 17.3 million the market delivered five years ago in 2018. As…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
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Electrified Vehicles
Market Insights
Data Point
5 min read
General Motors Holds Onto Top Spot, EV Sales Hit New Record, Tesla is Luxury Leader: Takeaways from Q3 2022 U.S. Auto Sales
10/14/2022
New-vehicle sales in the U.S. were remarkably stable through the third quarter of 2022. Sales volumes in July came in at 1.14 million units and followed in August at 1.14 million. September sales dropped a bit, to 1.12 million. In fact, the Q3 average of 1.13 million sales a month was aligned with the market average sales volume for the past year, which was, again, an…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
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Market Insights
Data Point
4 min read
Cox Automotive Mobility White Paper Expresses EV Optimism Despite Supply Chain Challenges
10/05/2022
ATLANTA, Oct. 5, 2022 – While vehicle electrification continues to make strides, the lingering effects of the pandemic, the soaring cost of raw materials and geopolitical challenges have contributed to supply chain disruptions that have slowed widespread electric vehicles (EV) growth in the U.S. This perfect storm of bottlenecks outlined in Cox Automotive Mobility’s latest EV white paper titled – “Supply Chain Challenges Impacting Electric Vehicle Adoption”…
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Electric Vehicles
EVs
Cox Automotive Mobility
Press Releases
5 min read
Cox Automotive Mobility Commits to Cutting Fleet Carbon Emissions in Half by 2030
09/27/2022
ATLANTA, Sept. 27, 2022 – As part of Cox Enterprises’ goal to dramatically reduce its carbon, water and waste impact on the environment by 2034, Cox Automotive Mobility is making key advancements in fleet electrification to build a better future for the next generation. Cox Automotive Mobility’s focus on EV development includes the opening of an Advanced EV Training Center for fleet technicians, nationwide expansion of its…
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Electric Vehicles
Cox Automotive Mobility
Press Releases
3 min read
Cox Automotive Mobility and Spiers New Technologies Expand Global EV Battery Service Network
08/30/2022
ATLANTA, Aug. 30, 2022 – Focused on management and innovation within the entire EV battery lifecycle, Cox Automotive Mobility and Spiers New Technologies today announced the expansion of its global EV battery service center network with new facilities in Belleville, Mich., a suburb of Detroit, and Las Vegas. Cox Automotive Mobility in collaboration with Spiers New Technologies also operates end-to-end EV battery service centers in Oklahoma City,…
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Electric Vehicles
EVs
Press Releases
4 min read
10 Takeaways from U.S. Auto Sales: Q2 2022
07/19/2022
New-vehicle sales in Q2 were off by more than 20%, as tight inventory continues to hold back the market. High prices are certainly impacting some buyers, but the Industry Insights team at Cox Automotive continues to believe new-vehicle demand is relatively healthy and, with sufficient supply, sales volumes could be higher. At the end of Q2, Cox Automotive lowered its full-year forecast to 14.4 million new-vehicles…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
Electrified Vehicles
Market Insights
Data Point
3 min read
EV Sales Hit New Record in Q2 2022
07/13/2022
This much we know: New-vehicle sales in the second quarter struggled, up only modestly from the first quarter and down more than 20% from Q2 2021. The reasons are well documented – tight inventory, high prices, consumer sentiment dropping. There were a few positive notes in the Q2 sales numbers, and among them EV sales stood out the most. Sales of battery-powered electric vehicles – pure…
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Electric Vehicles
EVs
EV
Electrified Vehicles
Market Insights
Data Point
4 min read
Electrified Trucks Attract New Kind of Buyer, Cox Automotive Research Shows
04/25/2022
More than a dozen automakers are introducing electrified pickup trucks – full EVs or hybrids – over the next couple of years. One of those is Ford, which will be celebrating the delivery of the electric F-150 Lightning to its first customers on Tuesday, April 26. With so many electrified pickup trucks hitting the market, the question is who will buy them. Will it be traditional…
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Electric Vehicles
pickup trucks
Electrified Vehicles
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