The industry experts at Cox Automotive, the world’s largest automotive services and technology provider, are forecasting U.S. new-vehicle sales volume will increase by 11.6 percent in the first half of 2023, reaching 7.65 million units. While closing quarterly reports from major automakers aren’t due for several more days, Cox is basing its estimates on a stronger-than-expected first half of 2023 — boosted by a large increase in fleet sales. Showing optimism on year-to-date activity, the company has raised its end-of-year forecast to 15.0 million units, which is strong, yet still below pre-pandemic sales levels (sales peaked in 2016 at 17.5 million units).
According to Cox, sales have
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