Cox Automotive Cuts New Vehicles Sales Forecast
Louder for the people in the back - The best insulation against new car noise is a solid used car business.
5 Minutes of Fresh Perspective
Reading the daily news doesn't have to suck. Get the email that will make you laugh and keep you informed...for free!
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Cox Automotive has lowered its 2022 new vehicle sales forecasts for the 2nd time this year. Projections started at 16 million and now sit at 14.4 million due to - you guessed it - ongoing supply chain and semiconductor chip issues.
With only Ford and Tesla projected to post year-over-year gains for Q2, some other brands are bracing for double-digit percent drops in sales volume.