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The Latest Breaking News from Cox Automotive

Auto sales could hit below pandemic 2020 levels amid low inventory challenges

Low inventory levels led Cox Automotive analysts to again revise their full-year U.S. 2022 new-vehicle sales forecast downward.

Tribune News Service

Ford U.S. Auto Sales Defy Industry's Q2 Slump But This Fear Hits GM, Ford Stock

Analysts are cutting their U.S. auto sales targets for 2022. Ford had a strong June thanks to new EVs but GM took the Q2 sales crown.

Investors Business Daily

New Car Monthly Payments Hit A New Record, At $712

It now takes 41.3 weeks of median income to purchase the average new car.

Motor1

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How shoppers are shifting spending amid decades-high inflation

Consumers are cutting back on durable goods as energy and food costs cut into budgets.

Axios

Ford reports 4.5% year-over-year sales decline in May amid industrywide drop

Amid a broader industry drop in auto sales for the month of May, Ford Motor Co. on Thursday reported that it sold 154,461 vehicles in the U.S. last month — down 4.5% from May 2021.

Tribune News Service

Car buyers balk at monthly fees for add-on features

GM predicts the average buyer will spend $135 each month on add-on features, but it could face resistance.

Axios

Modest-income buyers being priced out of new-vehicle market

Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up

The Independent UK

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Toyota poised for sales victory lap as gas prices boost hybrids

When Ian Campbell’s wife got rear-ended in her Honda HR-V last month, the Atlanta couple were thrust back into the new-car market — just as gasoline prices surged to more than $4 a gallon.

Tribune News Service

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