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Tag: 2023

EV sales Experian

Experian data indicates strong EV performance in early 2023

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Credit reporting agency Experian recently published consumer data in the electric vehicle market, revealing hidden strengths in the small but thriving segment. According to Experian's...
sales forecast

Volkswagen reveals strong sales forecast after last year’s success

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Volkswagen announced a strong sales forecast for 2023, anticipating revenue between 307 billion euros ($326 billion) and 331 billion euros ($352 billion). The news comes...
new light vehicle sales

Cox Auto expecting new light vehicle sales to grow 4% in...

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In its February forecast, Cox Automotive revealed expectations for new light vehicle sales to grow 3.9% from January and 4% from the same time...
Jonathan Smoke 2023 car market

What January’s success can tell us about the 2023 car market...

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As the dust settles on the 2023 car market, dealers are obsessively watching for signs of change. The year promises to be pivotal for...
recession

Inflation growth in January surprises analysts, but recession remains uncertain

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Inflation outpaced expectations in January as the consumer price index (CPI) gained 0.5%, but despite the new numbers the recession debate remains unresolved. The CPI...
hibernating hibernation, phrases

How to bring your team out of sales hibernation

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The automotive industry is no stranger to the concept of sales hibernation. As a result, it is common for dealerships to experience a dip...
Stein

Ford, Farley and Formula 1: A peek into the brand’s future...

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Jason Stein is the host of Cars & Culture on SiriusXM, an automotive history podcast featuring interviews from business leaders such as Volkswagen CEO...
automotive consumer trends

Deloitte reveals the automotive consumer trends emerging in 2023

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Consulting and advisory firm Deloitte has published its Global Automotive Consumer Study for this year, revealing the automotive consumer trends that are likely to...
January car sales, January auto sales

January car sales highlights: Toyota shrinks, Honda improves, Hyundai surprises

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Now that the majority of car makers have posted their January car sales numbers, we can take a closer look at the shifts that...
2023 dealerships

What must auto dealerships focus on this coming year? — Tyson...

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After a challenging and disappointing year, dealerships are anxious to know what's in store for retail auto in 2023. Consumer research firm J.D. Power...