The crossover segment continues to grow and remains the largest new-vehicle segment in the industry.
Posts tagged as “new vehicle sales”
The sharp increase from 2022 when the average yearly cost was only $10,728, or $894 monthly, is likely due to three factors.
New vehicles are critical to the aftermarket in at least five significant ways, ranging from the average age of vehicles to the annual miles of different vehicle age groups.
After a stronger-than-expected first half, new vehicle sales to increase more than 11% year over year through first half of 2023.
Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market for the new year.
One likely reason for the increase in sales is greater vehicle availability, which has exceeded 1.5 million units for the first time since May 2021.