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A Cox Automotive forecast predicts the recent sales frenzy will slow as inventory constraints are pulling the market back down to earth.
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Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
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Cox Automotive Europe, the world-leasing automotive services operation, has created a new Sales Director role and appointed Sam Watkins to the position, effective June 7, 2021. Watkins, who after two years has recently stepped down as Chair of the Vehicle Remarketing Association (VRA), will report to James Leese, Chief Customer Officer for Cox Automotive Europe.
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Half of consumers indicated they were suddenly more interested in EVs and 36% were more likely to buy one in the future.
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Analysis: With the Ford Maverick officially rolling out June 8, the wider question is can the rebirth of the compact pickup truck take the industry by storm?
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Affordability remains worse than a year ago when prices were lower, incentives were higher and CARES Act payments boosted incomes.
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Sales of electrified vehicles grew notably in Q1, and analysts at Cox Automotive have said we are entering the EV Decade.
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On a year-over-year basis, all major market segments saw seasonally adjusted price increases in April.
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Figures remain down 16% from year-ago level.
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Strong Toyota hybrid sales and new EVs entries are driving the growth.
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