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Expect Dip in Off-Lease Availability, Rise in Wholesale CPO Prices

Drop in lease returns will likely drive up price of late-model used vehicles, says NADA’s Patrick Manzi. ....

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Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis

Cox Automotive forecasts full-year 2023 U.S. auto sales to finish near 15.5 million units, up from 13.9 million in 2022 and down from the market peak of 17.5. ....

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2023 USA Auto Sales By Brand:

Cox Automotive forecasts full-year 2023 U.S. auto sales to finish near 15.5 million units, up from 13.9 million in 2022 and down from the market peak of 17.5 million in 2016. Cox Automotive forecasts annual vehicle sales pace in December to be near 15.1 million, up 1.6 million from last December's 13.5 million pace but down from November's 15.3 million level. ....

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Electric vehicle demand falls short of manufacturer and dealership expectations

Electric vehicle sales this year are not meeting President Biden’s expectations. Manufacturers are slowing production and readjusting their targets. ....

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Electric vehicle demand falls short of manufacturer and dealership expectations

Electric vehicle demand falls short of manufacturer and dealership expectations
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