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Cox Automotive

All articles tagged with #cox automotive

business1 day ago•3 min saved

Tesla Sees Big Share While US EV Market Flattens in Q1 2026

US EV sales fell 27% year-over-year in Q1 2026 to about 216,000 units as subsidies fade and profitability remains challenging for most incumbents. Tesla dominated with a 54% market share, led by a near-23% rise in Model Y deliveries to ~79,000. Toyota also grew to roughly 10,000 EVs (~4.6% share). Ford and VW plunged around 70% and 90%, respectively, while GM held a bit over 10%. If higher gas prices boost EV demand, the market could recover, but the sector’s near-term profitability remains fragile without subsidies.

via Business Insider|

#business #cox-automotive #electric-vehicles

business1 month ago•2 min saved

Spring spark lifts used-vehicle prices ahead of peak selling season

Cox Automotive's Manheim Used Vehicle Value Index rose 4% year over year in February to 212.3, signaling higher wholesale prices as dealers stock up for a robust spring market. Demand remains solid with higher sales conversions, aided by expected tax refunds, though the Iran conflict adds near-term risk. January's average used-vehicle listing price was $25,533, and Cox projects wholesale prices ending 2026 roughly 2% higher than December 2025.

via CNBC|

#business #cox-automotive #manheim-used-vehicle-value-index

business2 months ago•5 min saved

Chevrolet Equinox EV Leads 2025 Non-Tesla U.S. EV Sales

In 2025, U.S. EV buyers shifted toward non-Tesla models, led by the Chevrolet Equinox EV with 57,945 units sold, followed by Ford Mustang Mach-E and Hyundai Ioniq 5. Honda Prologue also posted strong results, while Tesla remained the overall market leader but fell 7% year over year as the tax-credit expired; Q4 saw a 36% drop vs 2024, though the full-year EV market declined about 2%.

via InsideEVs|

#business #chevrolet-equinox-ev #cox-automotive

business3 months ago•1 min saved

Used Vehicle Prices Expected to Rise Slightly in 2026 Amid Market Stability

Used vehicle prices are expected to increase by 2% in 2026, marking a stable and modest rise after years of volatility, with factors like lower loan rates and increased tax refunds boosting demand, though prices remain higher than pre-pandemic levels.

via CNBC|

#2026-market #business #cox-automotive

automotive2 years ago•1 min saved

Used Vehicle Prices Show Signs of Stabilization in 2023

Wholesale used vehicle prices in the U.S. increased for the first time since March, according to Cox Automotive's Manheim Used Vehicle Value Index. While prices remain elevated compared to historical levels, they are down 7.7% from August 2022. Tight inventories and expected sales levels are expected to prevent substantial pricing declines for the remainder of the year. Retail prices for consumers typically follow changes in wholesale prices. Used vehicle prices have been high due to the Covid pandemic and supply chain issues, leading to low supply of new vehicles and record-high prices. Cox Automotive predicts a slow and gradual recovery in wholesale prices to pre-pandemic levels by 2028.

via CNBC|

#automotive #cox-automotive #retail-sales

automotive2 years ago•1 min saved

The $20K Car: A Dwindling Choice for Americans

The Mitsubishi Mirage is currently the only car on the market under $20,000, with the average new car price in the US now exceeding $48,000. The scarcity of small cars and the growing popularity of trucks and SUVs have driven up prices, along with inventory issues and increased costs. General Manager of Mitsubishi of Orange Park, Lou Tilahun, believes the rising prices are due to parts shortages and shipping costs. Analysts at Cox Automotive predict that $20,000 cars will soon be a thing of the past, and Mitsubishi has announced that production of the Mirage will be ending soon.

via WJXT News4JAX |

#affordability #automotive #car-prices

automotive2 years ago•1 min saved

"Affordable Wheels: 5 New Vehicles with the Lowest Average Purchase Prices in the US"

The average purchase price of new cars under $20,000 is becoming increasingly rare in the US as automakers focus on SUVs and trucks. The compact Mitsubishi Mirage is currently the only new vehicle with an average selling price below $20,000, but it is expected to be discontinued. Other affordable options include the Kia Rio, Nissan Versa, Hyundai Venue, and Nissan Sentra.

via ABC News|

#affordable-cars #automotive #cox-automotive

automotive2 years ago•1 min saved

Cox Automotive Predicts Strong Sales Growth for Tesla, Rivian, and Lucid in H1 2023

Cox Automotive predicts that General Motors will remain the top automaker in terms of new vehicle sales in the first half of 2023, followed by Toyota Motor and Ford Motor. Total new vehicle sales volume is expected to rise by 11.6% year-over-year, reaching 7.65 million units in the first half. Cox also forecasts significant sales growth for electric vehicle manufacturers such as Tesla, Rivian, and Lucid Motors, with Tesla projected to deliver 329,137 units by the end of the first half. Cox estimates that total battery electric vehicle sales will exceed 500,000 units in the first half of 2023.

via Benzinga|

#automotive #cox-automotive #electric-vehicle-sales