Cox Automotive: 1 in 4 vehicles sold in 2025 will be electric

Cox Automotive: 1 in 4 vehicles sold in 2025 will be electric

US EV sales will continue to grow in the year ahead, accounting for 1 in 4 vehicles sold in 2025, according to Cox Automotive’s 2025 Outlook. more…

2025 Outlook: Market Growth, Improving Affordability, and Higher Buyer Satisfaction Expected in Year Ahead

The U.S. auto market finished 2024 with momentum, and despite some uncertainties, the current trajectory is positive.

Cox Automotive forecasts optimistic growth for 2025 as auto market momentum builds

According to a newly released report by Cox Automotive, the U.S. automotive market is poised for a promising 2025. With 2024 ending on a high note, fueled by economic stability and consumer confidence, the industry is set to achieve its strongest performance since 2019. Key highlights from 2024: New Vehicle sales: Surpassed projections, reaching nearly 16 million units, a 2% increase from 2023. Top performers: General Motors retained its title …

Cox Automotive's 2025 Outlook: Market Growth, Improving Affordability, and Higher Buyer Satisfaction Expected in Year Ahead | PR Newswire #BusinessLoans #Funding #WorkingCapital #BusinessFunding

Cox Automotive forecasts a positive economic outlook for 2025, with new-vehicle sales expected to reach 16.3 million units, a 3% increase from 2024. Electrified vehicle sales will grow further in the year ahead, accounting for one out of every four vehicles sold in 2025. Vehicle affordability is expected to improve in 2025, with expanding credit availability and declining auto loan rates. , /PRNewswire/ — Cox Automotive has released an optimis…

2025 - 2024 Recap: A Year of Surprises Driven by Electric Vehicle Innovations

The automotive sector experienced significant changes over the past year, marked by the unexpected suspension of government incentives, fluctuating fuel prices, and the potential entry of Chinese electric vehicles into the Canadian market. Incentives for electric vehicle purchases have decreased, raising concerns among dealers and consumers about future demand. Meanwhile, rising costs for insurance and maintenance, as well as competitive pricing…