The latest new-vehicle sales and finance reports from Cox Automotive show strong sales and credit availability as incentives offset higher prices to sustain affordability. +
Amazon Autos is now live and in partnership with Hyundai dealers in 48 U.S. cities, allowing shoppers to buy a vehicle from the ecommerce giant for the first time. +
Ford Motor Co.’s U.S. dealers sold 166,373 new Fords and Lincolns in November, a 14.3% increase from the same month a year ago, the factory reported. +
The National Automobile Dealers Association reported the seasonally adjusted annual rate (SAAR) for 2024 U.S. vehicle sales hit its highest mark since May 2021 after dealers outperformed expectations in November. +
In the same month EVs boosted U.S. new-vehicle sales for major Japanese and Korean manufacturers, Volvo dealers sold shockingly few fully electric vehicles. +
EVs boosted overall sales for Toyota, Honda, Hyundai and Kia in November, helping push Toyota to a 4.8% year-over-year improvement after consecutive down months. +
A dramatic dropoff in sales has all but put the brakes on the Jeep Gladiator, which made waves with its 2019 debut but lost traction in the years that followed. +
New-vehicle incentives are up by more than 60% heading into the final stretch of 2024, helping dealers clear inventory off their new-vehicle lots. +
Despite market challenges that included a parts shortage affecting some Rivian vehicles, EVs still outpaced the overall light-vehicle market in September. +
Even with major year-over-year increases in sales volume, new-vehicle inventory keeps rising with the arrival of the holiday season. +
