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Cox Automotive Forecast: August U.S. Auto Sales Show Stability Amid Seasonal and Labor Day Boost

AutoSuccessOnline

The recent forecast from Cox Automotive suggests that U.S. In August, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to reach 15.4 In August, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to reach 15.4 ” All percentages are based on raw volume, not daily selling rate.

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Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions

AutoSuccessOnline

The Cox Automotive forecast released July 25, 2024, indicates that U.S. In July, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to rise to 16.0 However, July sales will likely include some sales that were delayed from June, which should push the market toward the upper end of the sales range.

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High Demand For Hybrids Contributes To Increased Sales In February

Carscoops

The car market in the US shows positive signs of growth, with nearly 1.3 Power, GlobalData, Cox Automotive, and S&P Global Mobility. Likewise, the seasonally adjusted annualized sales rate exceeded the 16 million mark, flying over the forecasted 15.4-15.5 percent increase compared to the same period last year. percent.

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Q4 2023 State of Dealership Sales & Inventory: Insights from Q3 & Looking Ahead

Automotive Mastermind

Understanding evolving buying behaviors and automotive sales trends is the key for proactive dealers to stay ahead. With Q4 2023 wrapping up, it’s a pivotal moment for dealerships to reflect on the projected trends, their performance metrics, and how the market dynamics have evolved over the years. million units.