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The Latest Breaking News from Cox Automotive

US New Vehicle Prices Rise 2.6% In August As EV Sales Hit New Record — Tesla Loses Ground

The Average Transaction Price (ATP) for new vehicles in the U.S. rose over 2.6% year-over-year in August as 2026 models arrived at dealerships.

Benzinga

Tesla’s Market Share Just Plunged to a 2017 Low. Is This a Sign to Ditch TSLA Stock for Good?

Cox Automotive says Tesla’s market share in the U.S. tanked to its lowest level since 2017 in August. Morgan Stanley still recommends buying TSLA shares at current levels.

Barchart

VinFast Pivots Away From America And Europe

VinFast's losses have it pivoting toward countries like the Philippines and Indonesia. Also, used EV sales are way, way up for July.

InsideEVs

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Tesla's chief designer accidentally smashed a $61K Cybertruck's 'armor glass' window with a metal ball. Now he says it was a 'great marketing moment'

CEO Elon Musk claimed more than 200,000 orders for the vehicle following its botched reveal in 2019.

Fortune

The EV Winners And Losers In 2025's Rollercoaster First Half

Tesla is sagging. General Motors is crushing it. And every other automaker is a mixed bag on electric vehicle sales as the industry stares

InsideEVs

A Used Car Buyer Is Baffled By Prices, Says There Are No More Affordable Safe And Reliable Starter Cars With Less Than 100K Miles

After totaling his car, a Reddit user jumped back into the used car market hoping to find a decent replacement. What he found instead was sticker shock.

Benzinga

Tesla Cybertruck Bet Not Paying Off? Ford, GM Outsell EV Giant

Elon Musk's dream of having a top-selling electric pickup may be fleeting as the Cybertruck continues to see declining demand.

Benzinga

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Demand for Elon Musk’s Tesla Cybertruck plummeted in the second quarter, new data shows

Originally Tesla had deposits for over 2 million Cybertrucks, enough for 16 years of production, yet it sold only 4,300 during the past three months.

Fortune

The New Model Y Isn't Saving Tesla

Sales of Tesla's most popular EV actually fell from last year despite the introduction of an updated model. That's not a good sign.

InsideEVs

New tax break for auto loans could save some buyers thousands of dollars. But will it boost sales?

The new tax law signed by President Donald Trump creates a federal tax deduction for interest on auto loans

The Independent UK

A Used‑Car Frenzy Is Supercharging Carvana, AutoNation Stocks

Used car prices are revving back into high gear – and dealership stocks are catching a tailwind. According to Cox Automotive, the Manheim Index, which tracks wholesale used vehicle prices, jumped 1.6% in June, marking a 6.3% year-over-year surge – the steepest increase since August 2022.

Benzinga

Used Car Prices See Biggest Surge Since 2022 As Trump Tariffs Shake Auto Market: Report

Used car prices are surging in the U.S., driven by the volatility around President Donald Trump's tariffs.

Benzinga

Big Automakers Report US Sales Jump On Pre-tariff Consumer Surge

Several leading automakers including Detroit giants General Motors and Ford reported increased US car sales in the second quarter on Tuesday as consumers fast-forwarded purchases ahead of US tariffs.

International Business Times

3 Major Players in the Auto Industry Are Partnering. Here’s How an Expert Says It Will Improve Your Car-Buying Experience

A new partnership between Kelly Blue Book, AutoTrader, and AutoCheck is being touted as the start of a fully transparent used car marketplace. Some are saying it’s the future of car buying. Others think it’s just a brand deal that won’t make much of a dent in the marketplace.

Motor1

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Kiplinger

New Car Loan Interest Deduction: Which Vehicles and Buyers Qualify

Trump and the GOP are now offering a tax deduction for auto loan interest. How will it work?

Fortune

It hasn't been this hard to find a used car since the height of COVID

Tariffs drive people away from new cars, creating a shortage on used car lots.

InsideEVs

A Tesla Executive Just Gave A Brutal Assessment Of Full Self-Driving

Today on Critical Materials: Tesla admits it's a

InsideEVs

The Tesla Cybertruck Is No Longer America's Best-Selling Electric Pickup

The Tesla Cybertruck has lost the top spot on the list of best-selling electric pickup trucks in the United States. After finishing 2024 as a best-seller, Tesla’s only pickup has fallen to second place in the first quarter of this year.

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InsideEVs

A Key Tesla Cybertruck Feature Just Went Subscription-Only

Tesla's Cybertruck is getting dragged lately—and not in a fun way. Between the lackluster sales figures and the long-promised Range Extender getting filed away for good, Tesla's flagship pickup isn't having a great year.

The Independent UK

Nobody wants a Cybertruck: Number of sold trucks falls short of expectations as anger over Musk festers

Musk initially teased Cybertrucks were in high demand with one million people signing up to reserve one but they have vastly underperformed expectations

International Business Times UK

Cybertruck Demand Falls Flat: Tesla Shifts Workers and Halves Output as Fewer Than 50K Are Delivered

Tesla halves Cybertruck output and shifts workers to Model Y as demand falters, with only 6,406 sold in Q1 2025. Can the electric pickup recover? Read more

Al Jazeera

Are US-made cars spared from Trump’s auto tariffs?

Trump imposed 25 percent car tariffs in April. Car part tariffs start May 3. Analysts say no car uses all US parts.

InsideEVs

Hyundai Tells Dealers To Brace For Tariff Impacts

Today is April Fools' Day. But you know what's no joke? Tariffs, which are on the docket to begin in an unprecedented way tomorrow. Automakers across the globe are scrambling to figure out how to deal with them, and soon dealers will need to figure out how to convince consumers…

International Business Times

Carmakers Face Doubts And Jolts Over US Tariffs

Raise prices or cut into their margins, open or close factories: carmakers must soon make major decisions as the United States imposes stiff tariffs on imported vehicles.

Reason

Trump's New Car Tariffs Are a $100 Billion Tax Increase No One Wants

The president gleefully predicted that the cost to consumers could be as much as 10 times higher.

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