The Latest Breaking News from Cox Automotive

With robust demand for new vehicles, a growing transition to EVs globally, and the integration of advanced technology, the auto industry is well-poised for significant growth and expansion. Given the industry tailwinds, it could be wise to invest in fundamentally sound auto stocks Genuine Parts (GPC), Nissan (NSANY), and Miller…

New data suggests electric car sales are slowing in the US, but that isn't necessarily the case – and the opposite is happening elsewhere.

With the pent-up demand for new vehicles, improving inventory levels, and growing transition to EVs worldwide, the automotive industry is well-positioned for robust growth and expansion. Therefore, fundamentally strong auto stocks Stellantis (STLA), Volvo (VLVLY), and Rolls-Royce (RYCEY) could be valuable additions to your portfolio for impressive gains. Keep reading….

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000

The Mitsubishi Mirage sells for $19,205 at a time when the average new vehicle in the U.S. has a sales price of $48,000. And used vehicles sell for about $29,000.

Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000

The auto industry is expected to perform well this year due to the easing of inflation, increase in production, healthy job growth, and improving consumer sentiment. To that end, investors should consider quality auto stocks Tesla (TSLA) Mercedes-Benz (MBGAF), Bayerische Motoren Werke Aktiengesellschaft (BMWYY), and Stellantis N.V. (STLA). Read more.

In June 2022, the ATP for new all-electric vehicles sold in the US was $66,390. In other words, the average price of EVs went down by nearly $13,000 in one year.

There's a growing mismatch between EV supply and demand.