Source: Shutterstock.
After last year's drop in car sales, Cox Automotive analysts said they expect this year's volume will remain at about the same dismal level.
During a conference call Monday, Cox Automotive said it expects new car sales to rise 2% to 14.1 million vehicles in 2023, after falling 8% to 13.9 million last year. Used cars will fall 2% to 35.6 million vehicles this year after falling 11% last year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
