Late surge will lift 2024 auto sales to 5-year high, Cox projects

Dec 18, 2024 · Late surge will lift 2024 auto sales to 5-year high, Cox projects. TribLive …

FAQs about Late surge will lift 2024 auto sales to 5-year high, Cox projects Coupon?

What is Cox Automotive's forecast for 2024?

6. 2024 annual sales forecast. The year-to-date seasonally adjusted annual rate (SAAR) for new vehicles is currently at 15.6 million vehicles, an increase from 15.5 million thanks to September results. Cox Automotive expects the full-year SAAR to hit 15.7 million, although this will require the fourth quarter to be the strongest of 2024. ...

What is Cox Automotive's forecast for new-vehicle sales in Q3?

September 2024 U.S. New-Vehicle Sales Forecast New-vehicle sales volumes in Q3 are forecast by Cox Automotive to be lower by 2.1% year over year and also lower compared to the second quarter of 2024. Sales declines at GM, Toyota and Stellantis have led the market lower. Year-to-date New-vehicle sales are expected to end Q3 higher by less than 1%. ...

How many new cars will be sold in 2024?

Cox Automotive economists and analysts forecast 15.7 million new cars and trucks will be sold in the US in 2024, up by about 200,000 vehicles over 2023, but with virtually all the additional sales going to fleets. ...

What is Cox Automotive's new-vehicle sales pace in September?

The new-vehicle sales pace in September is expected to finish near 15.9 million, up 0.1 million from last September's 15.8 million pace and up from August's 15.1 million. Cox Automotive holds its full year forecast steady at 15.7 million, with the new-vehicle sales pace in Q3 expected to be 15.6 million, a decline from Q2. ...

What will Cox's EV sales look like in 2024?

Cox Predicts More Deals, 15.7M Vehicle Sales in 2024 EV sales were 1.1 million and will grow to 10% of overall market this year, the analyst firm predicts. For 2024, Cox predicts a sales mix of 10% EV, 14% hybrid, and 78% ICE. By 2025, the shares will be 15%, 18%, and 69%, respectively. ...

Will new-vehicle sales fall in September 2024?

ATLANTA, Sept. 25, 2024 – Gauging the true success of new-vehicle sales this month will be especially challenging due to the market calendar. New-vehicle sales in September are expected to tumble more than 16% from August and 11% from last September. ...