The Latest Breaking News from Cox Automotive

Looking for a new car under $20,000? Good luck. Your choice is down to just one vehicle

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.

Chicago Sun-Times · Aug 22, 2023

Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

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 Independent UK · Aug 21, 2023

4 Auto Stocks with Great Quality

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.

StockNews.com · Aug 9, 2023

Bankrate:Why is it harder to get a car loan in 2023?

When the time comes to purchase your next vehicle, you want to focus on finding your dream car, not fighting for affordable financing. But since the pandemic’s early days, the car market has shifted. Inflation made finding competitive rates challenging, and supply chain issues pushed average car prices above MSRP.

Tribune News Service · Jun 27, 2023

3 Auto Stock to Buy Into this Week

Despite the uncertain macroeconomic environment, auto sales will likely remain robust throughout the year. Auto dealers will continue to benefit from rising sales of new and used vehicles. Additionally, the pent-up demand for travel is expected to boost the auto rental industry. To that end, it could be wise to…

StockNews.com · Jun 20, 2023

Automakers Will Struggle To Sell Vehicle Subscription Services: Study

Only 21 percent of respondents were aware of the concept.

Motor1 · May 11, 2023

Average EV Transaction Price Down Over $10,000 Year Over Year: KBB

Kelley Blue Book says the average transaction price of a new EV in the US was around $55,000 in April 2023. Meanwhile, the average new car price is $48,275.

InsideEVs · May 10, 2023

Elon Musk’s aging Tesla sedans will soon face fresh competition from an unlikely corner

Volkswagen just unveiled its ID.7 sedan, the brand’s third global EV model, which is expected to hit U.S. shores next year and compete with Tesla’s Model 3 and Model S.

Fortune · Apr 17, 2023

2 Crash and Burn Stocks That Won't Make It Through April 2023

The used car business is feeling the pressure of high inflation and rising borrowing rates. With further rate hikes by the Fed in the pipeline, it could be wise for investors to steer clear of fundamentally weak used car retail stocks CarMax (KMX) and America's Car-Mart (CRMT). Read more….

StockNews.com · Apr 12, 2023

Car prices are still high and they are unlikely to fall anytime soon

Car prices are still high and they are unlikely to fall anytime soon

WEKU · Mar 20, 2023