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Mixed Views on Electric Vehicle Sales and Market Expectations Dealers’ views on electric vehicle (EV) sales improved in Q1 compared to the previous quarter and last year. Expectations for the electric vehicle market rose in Q1. Download the full results of the Q1 2025 Cox Automotive Dealer Sentiment Index.
The report noted the reversal of a trend that showed up in 2024, when reviews of electric vehicles included complaints about the dealership sales staff’s knowledge 76% more often than reviews of gas-powered vehicles. This is a retail revolution in motion.” The full report can be downloaded here.
Is right now the best time to buy an electric vehicle? Powers electric vehicle practice, said battery-electric vehicles are more affordable now than they will be in the future. Power EV Index update, as well as the companys EV Retail Share Forecast, 2025 U.S. Electric Vehicle Experience Ownership Study and U.S.
Bridgestone Retail Operations (BSRO) will support the planting of 86,825 tree seedlings thanks to its third annual app campaign, “Download the App, Plant a Tree.” During that period, BSRO pledged to plant one tree for each My Firestone or Tires Plus app download. We are grateful for their support.”
Bridgestone Retail Operations (BSRO), a subsidiary of Bridgestone Americas , will plant more than 54,000 trees across the country as a result of the company’s second annual “Download the App, Plant a Tree” campaign. The post Bridgestone Retail Operations donates 54,000 trees appeared first on Tire Review Magazine.
It might not be an earthquake, but the landscape of electric vehicles is beginning to shift. The growth in non-luxury options has also caused a shift in non-luxury EV retail market share. The full report is available for download here. The report found the market share of non-luxury EVs rose to 26.6% in Q2 2023. points to 11.2%
Among those sales, the sell-side advisors for auto dealers said, was the third-largest transaction in auto retail history – the sale of Jim Koons Automotive’s 20 dealerships, generating $3 billion in revenue, to Asbury Automotive Group. A preview of the report can be downloaded here. Click here to subscribe for the full report.
” The market outlook index, which measures dealers’ expectations for the auto retail market in the coming quarter, jumped to 54 in Q4 from 42 in Q3. ” Despite the positive outlook, the current market index score of 42 indicates that a majority of dealers still view the current retail auto market as weak.
An increasing minority of dealers, 43%, have a more negative outlook on profits than in 2024, with new electric vehicle (EV) sales having the most adverse influence: 77% expect EVs will negatively impact profitability in 2025. To download the full Kerrigan Dealer Survey report, click here. To access The Kerrigan Index, click here.
Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels and we believe interest rates have likely hit a ceiling. The full results can be downloaded here. “Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.
Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2. Visit coxautoinc.com. The post U.S.
Electric Vehicle Sales Index Drops to Record Low When asked how EV sales compare to one year ago, a majority of dealers say they are worse, not better. Download the full results of the Q1 2024 Cox Automotive Dealer Sentiment Index. In both indexes, independent dealers scored lower than franchised dealers. automobile dealers.
Whether that involves exploring financing options, considering a trade-in, or comparing vehicles against specific needs, shoppers are looking to both digital retail tools and dealership support to tailor the most seamless experience possible,” Ciummei added. The full study from CarGurus is available for download via this website.
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