The EV tax credit expiration effects continue to suppress sales. New-vehicle retail sales are projected to decline 4.8% in November compared to a year ago, reaching 1,058,500 units, as the industry continues to feel the effects of electric vehicle purchase acceleration before federal tax credits expired Sept. 30, according to a forecast from J.D. Power […]
October New-Vehicle Sales Projected to Decline as Electric Vehicle Pull-Ahead Reverses
EV share projected to decline to 5.3% following federal incentive expiration. Used vehicle prices up year over year. Total new-vehicle sales for October 2025, including retail and non-retail transactions, are projected to reach 1,249,800, a 6.9% decrease year-over-year, according to a joint forecast from J.D. Power and GlobalData. October 2025 has 27 selling days, the […]
Hurricane Helene and Milton Damages Will Significantly Impact Profitability of U.S. Insurers
Auto insurance premiums likely to increase in affected markets. According to GlobalData, the data and analytics company, recent hurricanes Helene and Milton that have struck the U.S. resulted in widespread devastation, claiming hundreds of lives and causing huge property damages that will impact profitability at property casualty insurers. Hurricane Helene, which struck Florida’s Big Bend […]