Market Insights – Cox Automotive Inc.

EV Market Monitor – March 2025 04/18/2025 In March, the electric vehicle (EV) market experienced shifts in both new and used segments. While sales increased for both new and used EVs, the market share for new EVs saw a slight decline. Inventory levels tightened across the board as recent tariff announcements influenced consumer behavior. New EV transaction prices rose, whereas used EV prices saw a slight decrease, with many affordable options still available.… Read Article

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U.S. Electric Vehicle Sales Increase More Than 10% Year Over Year in Q1: GM Drives EV Growth While Tesla Declines 04/10/2025 Nearly 300,0001 new electric vehicles (EVs) were sold in the first quarter of 2025 in the U.S., according to the latest report from Kelley Blue Book, an increase of 11.4% year over year. Despite many obstacles — and what you may read elsewhere — electric-vehicle sales continue to grow at a healthy pace in the U.S. market. Roughly 7.5% of total new-vehicle sales in the first quarter… Read Article

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EV Market Monitor – February 2025 03/20/2025 Last month, new electric vehicle (EV) sales slightly declined but reached a record high for February, with luxury brands performing well. Used EV sales also declined month over month but grew significantly year over year. Days’ supply increased for both new and used EVs but remained significantly lower than the prior year. Pricing trends showed a decrease in new EV transaction prices, aided by incentives, making them… Read Article

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EV Market Monitor – January 2025 02/20/2025 In January, the electric vehicle market experienced revealing trends across both new and used segments. While new EV sales saw a decline in volume, market share reached a record high, reflecting sustained consumer interest. Meanwhile, the used EV market continued to grow, driven by affordability and more model options. Inventory dynamics, including days’ supply and average transaction prices, further highlighted the evolving landscape of the EV… Read Article

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EV Market Monitor – December 2024 01/21/2025 As December 2024 wrapped up, the U.S. electric vehicle (EV) market continued to reach new milestones. December saw record-breaking EV market share for both new and used EVs, with inventory levels tightening and closing the gap between EVs and ICE+ models. While the average transaction price for new EVs edged up slightly, the average listing price for used EVs dipped, reflecting the current market dynamics. New… Read Article

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Electric Vehicle Sales Jump Higher in Q4, Pushing U.S. Sales to a Record 1.3 Million 01/13/2025 Sales of electric vehicles (EVs) in the U.S., according to the latest counts from Cox Automotive’s Kelley Blue Book, jumped 15.2% year over year in the fourth quarter of 2024 to 365,8241, setting a new volume record for any quarter. In 2024, full-year EV sales reached 1.3 million, an increase of 7.3% from the upwardly revised total in 2023. Sales of EVs in the U.S. benefitted… Read Article

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EV Market Monitor – November 2024 12/19/2024 As 2024 draws to a close, the U.S. electric vehicle (EV) market continues to gain momentum. November saw steady growth in sales for both new and used EVs, with inventory tightening and narrowing the gap between EVs and ICE+ models. Additionally, the average transaction price for new EVs and the average listing price for used EVs experienced slight decreases, reflecting market conditions. New and Used EV Sales… Read Article

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EV Market Monitor – October 2024 11/25/2024 The U.S. electric vehicle (EV) market is on track for another record-breaking year, with October showing growth in both new and used EV sales. During this period, the gap in days’ supply between new EVs and new traditional models remained wider than the gap for those vehicles in the used market. Meanwhile, the average transaction price for new EVs has slightly decreased and used EV prices… Read Article

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EV Market Monitor – September 2024 10/22/2024 The electric vehicle (EV) market continues to expand in the U.S., as recent Cox Automotive data reveal a year-over-year rise in sales for both new and used EVs. September marked the sixth consecutive month in which new EV sales surpassed 100,000 units. EV share of new vehicle sales achieved a notable 9% last month, the highest level to date. The price difference between electric and traditional… Read Article

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Electric Vehicle Sales Mark Another Record in Q3, Thanks to Higher Incentives, More Choices 10/11/2024 According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 EVs were sold in Q3 2024, a 5% increase from Q2. The EV share of sales in Q3 hit 8.9%, the highest level… Read Article

Sales new-vehicle sales U.S. auto sales Electric Vehicles EVs EV Electrified Vehicles Market Insights Data Point