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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
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
EV
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
Electrified Vehicles
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
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
3 min read
Q2 2022 Kelley Blue Book Brand Watch: Tesla and Toyota Dominate the Most-Shopped List of Electrified Vehicles
08/18/2022
Shopping for electrified vehicles rose in the second quarter due to high gas prices and more selection of EVs and hybrids on the market, according to the most recent Kelley Blue Book Brand Watch™ report. One in four shoppers considered an electrified vehicle, the report showed. The Kelley Blue Book Brand Watch Report is a consumer perception survey that also weaves in shopping behavior to determine…
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Kelley Blue Book Brand Watch
EVs
Electrified Vehicles
Market Insights
Commentary & Voices
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
3 min read
Q1 2022 Kelley Blue Book Brand Watch: Toyota, Tesla and Ford Dominate the Most-Shopped List of Electrified Vehicles
05/13/2022
Surging gas prices in March led one-in-four shoppers to consider electrified vehicles, particularly EVs and hybrids, a trend likely to accelerate as new models hit showrooms soon, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up…
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Kelley Blue Book Brand Watch
EVs
Electrified Vehicles
Market Insights
Commentary & Voices
3 min read
10 Takeaways from U.S. Auto Sales: Q1 2022
04/20/2022
New-vehicle sales last quarter came in at 3.3 million, according to the latest Kelley Blue Book counts, a drop from 3.9 million in the first quarter of 2021. Sales in the quarter were down 15.7% year over year, but as the Cox Automotive Industry Insights team has repeatedly stated: There is NOT a demand problem in the market right now. There are plenty of interested—and…
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Sales
new-vehicle sales
U.S. auto sales
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EVs
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