U.S. auto sales Archives

Another Quarter, Another Record: EV Sales in the U.S. Surpass 300,000 in Q3, as Tesla Share of EV Segment Tumbles to 50% 10/12/2023 Electric vehicle (EV) sales volumes set another record in Q3, as total sales of battery-powered vehicles jumped past 300,000 for the first time in the U.S. market. Year-to-date EV sales through September reached just over 873,000, putting the market firmly on track to surpass 1 million for the first time ever. The milestone will likely be achieved in November. Total EV sales in Q3, according to an… Read Article

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Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call Replay Available 09/26/2023 A replay of the Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Tuesday, Sept. 26, is available below. Chief Economist Jonathan Smoke and the Economic and Industry Insights team shared data and insights regarding the performance of the consumer, industry, and economy in the third quarter, including updated 2023 Cox Automotive forecasts and the Cox Automotive Q3 and September U.S. auto sales forecast. Plus, take a listen to DJ… Read Article

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2023 Cox Automotive Forecasts 09/26/2023 Cox Automotive provides forecasts on the new and used vehicle markets as well as leasing, fleet and CPO sales and the Manheim Used Vehicle Value Index. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as changes in the market dictate. The updated 2023 forecasts were presented during the Cox Automotive Industry Insights and Sales Forecast Call on Sept. 26. Note: For… Read Article

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Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call Presentation Available 09/26/2023 The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted today, Sept. 26, at 11 a.m. EDT, shortly before the auto industry closes the book on the third quarter. Join Chief Economist Jonathan Smoke, Stephanie Valdez-Streaty, director of Industry Insights, Senior Economist Charlie Chesbrough, plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, to hear how the auto industry performed in the third quarter… Read Article

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Electric Vehicle Sales in Q2 Strike Another Record, but Growth Ahead Will Be Hard Fought 07/12/2023 Nearly 300,000 new electric vehicles (EVs) – full battery-electric vehicles – were sold in the U.S. in Q2, a record for any quarter and an increase of 48.4% from Q2 2022. Tesla, again, was the largest seller of EVs in the U.S., with more than 175,000 sold, an increase of 34.8% quarter over quarter. Sales growth at Tesla, and the EV segment overall, was aided by… Read Article

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

2023 Cox Automotive Mid-Year Review Replay Available 06/28/2023 A replay of the 2023 Cox Automotive Mid-Year Review webcast held on Tuesday, June 27, is available below. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, presented how the auto industry performed in the first half and what’s likely ahead, including updated 2023 Cox Automotive forecasts and the Cox Automotive 1H and June U.S. auto sales forecast.… Read Article

sales forecast Mid-Year Review U.S. auto sales Market Insights Smoke on Cars Commentary & Voices

2023 Cox Automotive Mid-Year Review Presentation Available 06/27/2023 The 2023 Cox Automotive Mid-Year Review was held on Tuesday, June 27. The presentation is available for download. Download the Presentation. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, presented how the auto industry performed in the first half and how the team sees the industry progressing the remainder of the year. The speakers were… Read Article

sales forecast Mid-Year Review U.S. auto sales Market Insights Commentary & Voices

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… Read Article

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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… Read Article

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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… Read Article

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