Sales in Q3 are expected to surpass 3.9 million, a jump of more than 15% from the same timeframe one year ago.
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.
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.
The Cox Automotive Insights team looks at key industry trends ahead that overall point to a healthy year.
The growth of electrified vehicle sales in the U.S. is a result of more product availability and wider consumer acceptance.
A recent quarterly report from Haig Partners shows that buy-sell activity among auto dealerships has exploded, leading to "empty lots and overstuffed wallets."
Fleet sales decreased month over month but rose steeply year over year. Sales into rental rocketed 531% year over year.
Guaranteed cash-back money that any buyer qualifies for and is often the fodder of headline advertising has all but dried up.
Survey: Car dealers are most optimistic when traffic is good, profits are strong, and when new and used vehicles prices are high.
The fleet management company's new vehicle remarketing program shortens the needed selling time.
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