Cox Automotive

Elon Musk's dream of having a top-selling electric pickup may be fleeting as the Cybertruck continues to see declining demand. What Happened: A new report shows Tesla Inc (NASDAQ:TSLA) falling to third place in the electric pickup sector and facing weakened demand for several vehicles across...

A new report highlights the growth of several automotive brands, as Tesla Inc. (NASDAQ:TSLA) saw its market share decline in the U.S. electric vehicle sector in the first quarter. What Happened: A political push by Tesla CEO Elon Musk has led to protests at Tesla dealerships and lower sales of the...

As the backlash against Elon Musk intensifies, a record number of Tesla, Inc. (NASDAQ:TSLA) owners are rushing to offload their vehicles, flooding the used market and driving prices down. What Happened: The used car market saw a record surge in Tesla listings in March, with over 13,000 used Teslas...

Automotive consultant Cox Automotive sees new vehicle sales dip by about 2% in the U.S. in the third quarter while JD Power expects it to remain flat as compared to the third quarter of 2023. What Happened: Cox said last week that it expects 3,897,112 vehicles to be sold, 2% lower than the third...

Electric vehicle sales volume in the third quarter will increase by about 8% compared to a year ago, according to industry firm Cox Automotive. What Happened: As per Cox’s estimates, EVs will witness an 8% growth year-on-year, and account for about 9% of total new vehicle sales in the third...

Electric cars continue to sell, but the industry must address critical infrastructure issues to support wider adoption, according to Erin Keating, executive analyst at Cox Automotive. Speaking at Thursday’s AutoRevolution: The Future of Mobility and EVs virtual event, Keating discussed the...

On Sept. 5, Benzinga’s AutoRevolution: The Future of Mobility and EVs, sponsored by Dragonfly, will bring together top industry voices for an essential discussion on the transformation underway in the automotive world. This event will explore the most pressing sector topics and feature...

So far this year, car repossessions are up 23% compared with the same period last year. What Happened: According to Bloomberg, citing data from Cox Automotive, vehicle repossessions began increasing in 2023. They’re up 14% from the first half of 2019, exceeding pre-pandemic levels. Vehicle...

Tesla Inc.‘s (NASDAQ:TSLA) share of the electric vehicle (EV) market in the U.S. has dipped below half for the first time. What Happened: The Elon Musk-led company is seeing more automobile rivals grab market share in the sector it once dominated. Tesla’s share of the EV market in the...

Tesla Inc.’s (NASDAQ:TSLA) aggressive price reductions throughout 2023 played a pivotal role in narrowing the gap between electric vehicles (EVs) and traditional internal combustion engine (ICE) vehicles, bringing the market closer to achieving price parity. What Happened: According...

Cox Automotive anticipates a surge of over 70 electric vehicle models entering the American EV market within the next two years, setting the stage for an impending EV “stampede.” What Happened: In the current year, Cox projects the introduction of 37 EV models from various...

The new service agreement between Chinese EV maker BYD Co Ltd (OTCPK: BYDDY) and Cox Automotive seeks to enhance the service experience of its truck customers. What Happened: The agreement covers BYD’s customers with class 6 and 8 trucks within the United States with 24/7 roadside support...

Despite challenging economic conditions marked by inflationary pressures, higher interest rates and weak consumer confidence, CarMax, Inc (NYSE:KMX), the nation's largest used car retailer, reported a surprising first-quarter fiscal 2024 earnings beat, sparking an over 8% run on shares to the...

January's unexpected surge in used car prices makes it difficult for auto purchasers to trust that inflation is on the decline even as the Federal Reserve raises interest rates. And prices will likely continue to climb. What Happened: Wholesale used-vehicle prices (on a mix, mileage, and...

A recent tweet by "CarDealershipGuy" grabbed a lot of attention. About 1.84% of auto loans are now "severely delinquent," he said, citing Cox Automotive data. That's the highest rate since February 2009 — a time when the global automotive industry spiraled as a result...