Cox Automotive Forecast: October U.S. New-Vehicle Sales Pace Expected to Slow to 15.7 Million; EV Sales Slump Weighs on Market

Cox Automotive Forecast: October U.S. New-Vehicle Sales Pace Expected to Slow to 15.7 Million; EV Sales Slump Weighs on Market

October's new-vehicle sales pace is expected to finish near 15.7 million, down from last year's 16.1 million level and down from September's strong 16.4 million pace.Sales volume is expected to reach 1.30 million in October, down 3.1% from last year…

US new-vehicle sales projected to slow in October

On the Dash: October U.S. new-vehicle sales are forecast to decline to a 15.7 million SAAR, down from September and last year. EV and PHEV sales are expected to slump sharply following the expiration of federal tax incentives. Full-year 2025 sales are projected at 16.1 million units, with used and CPO vehicle demand offsetting some new-vehicle slowdown. U.S. new-vehicle sales are projected to slow in October after a strong third quarter, with C…

EV Sales To Collapse 60% In October, J.D. Power Forecasts

J.D. Power predicts a 60% EV sales drop in October from September levels. Decline follows expiration of federal tax credits that boosted affordability. EVs will make up 5.2% of new sales, down from September’s record 12.9%. There was no getting around the fact that EV sales would take a massive blow without government subsidies. $7,500 is no small amount of cash, and tacking it onto the price of a car will make most vehicles way less appealing. …

Dead EV Tax Credit Tanks US Electric Vehicle Sales

Nissan Ariya EVs on sale | jetcityimage via iStockExperts believed that the now-discontinued EV tax credit would harm electric vehicle sales. Now, J.D. Power forecasts that EV sales have plummeted by up to 43% in October. And the electric vehicle tax credit is to blame for the precipitous drop. EV sales freefall by around 43% as the $7,500 federal tax credit dries up If you purchased a new EV earlier this year, you likely qualified for a hefty f…

JD Power Expects US EV Share to Fall 60% in October Following End of Tax Credit

A new J.D. Power and GlobalData study forecasts that the market share of new electric vehicles in the US market will decline to 5% in October, after reaching a record 12.9% share in September.

October New-Vehicle Sales Projected to Decline as Electric Vehicle Pull-Ahead Reverses

EV share projected to decline to 5.3% following federal incentive expiration. Used vehicle prices up year over year. Total new-vehicle sales for October 2025, including retail and non-retail transactions, are projected to reach 1,249,800, a 6.9% decrease year-over-year, according to a joint forecast from J.D. Power and GlobalData. October 2025 has 27 selling days, the …