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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 · Jun 29, 2022

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

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 · Jun 19, 2022

How shoppers are shifting spending amid decades-high inflation

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 · Jun 15, 2022

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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 · Jun 2, 2022

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 · May 2, 2022

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 · Apr 15, 2022

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 · Mar 31, 2022

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