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Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
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Improved inventory levels and higher retailing cited for the sales boost.
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Experienced technology professional has served in key marketing and sales roles at leading brands.
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The company reported a profit before tax of $326 million for the quarter ending in December.
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Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.
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Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.
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Report shows pace of adoption building as ICE vehicles wane.
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Dealer profits still high, though fewer units marked above MSRP.
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Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
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