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International Energy Agency Reports Global EV Sales Expected to Reach 17 Million in 2024

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U.S. EV market share could reach one-in-nine new vehicles sold in 2024 and one-in-five by 2030. According to the International Energy Agency (IEA) despite near-term challenges in some markets, based on today’s policy settings, almost 1 in 3 cars on the roads in China by 2030 is set to be electric, and almost 1 in […]

New Vehicle Retail Sales Were Lower Than Expected in July

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According to NADA, the hoped for increase in new vehicle sales in July following missed sales from June’s cyberattack on dealer management systems did not boost sales above last year’s rate. According to the National Automobile Dealers Association (NADA) new light vehicle sales in July were down year-over-year. According to the NADA Market Beat report, […]

Vehicle Manufacturers Making Contingency ICE Production Plans as EV Sales Miss Projections

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OEMs are increasingly optimistic about health of U.S. auto retail industry. Automotive OEMs are generally optimistic about the health of the automotive industry over the next 12 months, with the vast majority expecting new vehicle sales to increase or remain the same versus 2023, according to the just-released 2024 Kerrigan OEM Survey. The 2024 results […]

July New Vehicles Sales Projected Up on Bounce Following June CDK Global Outage

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S&P Global Mobility projects the pace of sales in July is expected to realize a notable boost on delayed sales from June cyberattack on dealer management system provider. S&P Global Mobility projects new light vehicle sales volume in July 2024 to reach 1.32 million units, up approximately 1% year over year. This volume would translate […]

New Vehicles Sales Down in June on Impact of CDK Cyberattack

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Sales were down both month-over-month and year-over-year. According to the National Automobile Dealers Association Market Beat report, new light-vehicle sales were down in June as the CDK Global cyberattack affected many dealers’ operations. Sales in June totaled a SAAR of 15.3 million units, down by 4.8% year over year and by 4% from May 2024. […]

Study Says One in Five Retail Vehicle Sales YTD Have Electrified Powertrain in U.S.

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Urban Science, the global automotive consultancy and technology firm, released a proprietary electric vehicle (EV) sales microstudy rooted in the firm’s industry sales data, which is updated daily, delivering a science-driven overview of the EV sales landscape in the U.S. The microstudy includes detailed 2024 sales insights through April 30, for the battery electric vehicle […]

New-Vehicle Retail Sales Projected Up Over 2% in April Compared to Last Year

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Total vehicle sales, however, will decline slightly on a selling day basis. New vehicle retail sales are projected to increase compared to last year, while overall sales including fleet transactions will be down. Total new-vehicle sales for April 2024, including retail and non-retail transactions, are projected to reach 1,304,600 units, a 0.9% decrease from April […]

EV Sales Growth Slowed in the U.S. During First Quarter

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Market share growth rate of electric vehicles was up slightly in first quarter from last year, but down on fourth quarter of 2023. Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, […]

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