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EV Sales Slide While Hybrids Climb
California, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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SEARCHMENUSEARCHCalifornia, as usual, led the country in EV registrations in the fourth quarter, but the U.S. as a whole saw a 43% year-over-year volume decrease.
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Adds vehicles up to 10 years old and with as many as 100K miles.
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The third quarter of 2022 closed with a new light-vehicle sales totaling a quarterly average SAAR of 13.3 million units, down slightly from a SAAR of 13.4 million units during the second quarter of the year.
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Adjacent property is sold to facilitate the transaction.
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Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.
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Carmaker has best quarter of year despite overall industry problems.
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An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
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Though improved, inventory issues remain, along with other market pressures.
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Inflation and interest rate hikes could dampen consumer demand.
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Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive.
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