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Rental fleet sales showed the most positive trends last month compared to vehicles sales into commercial and government fleets.
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Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.
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EV sales jumped by 68% year over year in Q, and for the first time, EV sales in the U.S. nearly equaled hybrid sales.
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Analysis: The turning point in EV adoption will come as we move beyond early adopters and begin to see mainstream America choose EVs. The full-size pickup segment is where this might well happen.
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The Cox Automotive Insights team looks at key industry trends ahead that overall point to a healthy year.
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The growth of electrified vehicle sales in the U.S. is a result of more product availability and wider consumer acceptance.
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A recent quarterly report from Haig Partners shows that buy-sell activity among auto dealerships has exploded, leading to "empty lots and overstuffed wallets."
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Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
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Guaranteed cash-back money that any buyer qualifies for and is often the fodder of headline advertising has all but dried up.
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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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