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Says its production hit a record in first six months as sale rise.
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Cox Automotive says that though some consumers are being priced out of the market, it’s rebalancing.
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S&P Global Mobility also raises full-year expectations as industry continues pandemic recovery.
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Links sellers and buyers across the US, giving consumers access to more inventory.
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Reports a 2.9% year-over-year drop in sales and the first monthly contraction since January.
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Forecasts show high interest rates, prices still not dampening volume.
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Automakers cite double-digit increases in the first quarter.
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Still, rising competition and an uncertain economy threaten EV maker's quarter-on-quarter sales growth.
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It reported that US retail sales rose 15% while fleet sales jumped 27%.
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