EVs Hit Records, But Sales Growth Slows
Cox Automotive nevertheless sees growth continuing for the long haul.
Cox Automotive nevertheless sees growth continuing for the long haul.
December decrease part of trend toward normalcy that’s expected this year.
Post-pandemic settling to bring normalcy, falling dealer profit.
November volume decreases as revenue balloons on inflation. Cox advises addressing consumer trust to avoid a free fall.
November Cox Auto numbers show demand outpaced supply.
Some carmakers pull back on production, further fatten incentives.
Incentives, discounts help more consumers afford to buy, cut into dealer profits.
November access tightens across channels, most lender types, Cox says.
Led by a drop in commercial fleet deliveries, decline was more widespread than Detroit.
Prices were off, though demand proved steady in wholesale, Cox Automotive says.
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