PJ Binner’s Post

🚗 The Cost of New Vehicles is Impacting Consumers' Ability to Buy 🏎️ The automotive market is becoming increasingly expensive, with buyers needing to finance an average of $40,000 for new vehicles. This price barrier is limiting the number of Americans able to purchase a new car, despite rising EV sales fueled by incentives like the $7,500 federal credit. Read more about the latest market trends and forecasts here 👇 https://lnkd.in/gG6-kAVQ #AutomotiveIndustry #ElectricVehicles #MarketTrends #OxloSystems

U.S. car manufacturers are navigating a complex landscape which is forcing them to cut down costs while slashing prices to remain competitive, all the while needing continued investments in R&D to keep up with competition. Stock selection is vital here; focusing on companies that are ahead in both technology and the ability to convert EV Sales into profit is key to delivering outperformance. https://lnkd.in/eYgmy_im

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjQ590 #AutomotiveTrends #AutoIndustry

Growth in U.S. auto sales likely slowed significantly in the second quarter, marred by a #cyberincident at CDK, even though steady demand and better availability kept the sales for new vehicles elevated. Read more: https://buff.ly/3xH13Pe

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjYld0 #AutomotiveTrends #AutoIndustry

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjQ480 #AutomotiveTrends #AutoIndustry

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjQ3d0 #AutomotiveTrends #AutoIndustry

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjP1X0 #AutomotiveTrends #AutoIndustry

🚗 March 2024: Vehicle Sales Surge! 📈 Straight from the J.D. Power-GlobalData Forecast March 2024: The automotive industry is witnessing an upswing in sales. March sees a significant 12.1% year-over-year increase, with 1,525,700 units sold. This momentum has propelled Q1 to record levels, with consumer spending topping $129 billion on new vehicles—a first for Q1. Find out more in the press release: https://hubs.la/Q02qjSLw0 #AutomotiveTrends #AutoIndustry

“#ElectricVehicle monthly retail share has rebounded from the declines reported in January and February. #EV retail share is tracking at 9.1%, almost matching last year’s high of 9.2% in December." ❤️ ⚡ 🚗 The recent EPA final rule that was announced this week relaxes #EVadoption requirements for 2027-2030. This not only aligns better with consumer interest in #EVs, but also gives the ecosystem more time to ramp up. The EPA rule relaxes EV adoption to 56% by 2032, which is just slightly above our EV baseline forecast for 2032 of 54%. The rule also allows for the opportunity to develop PHEVs and other more fuel-efficient technologies. Interestingly, however, based on the J.D. Power Electric Vehicle Experience (EVX) Ownership Study, satisfaction is lower among owners of PHEVs than owners of full battery electric vehicles. Read on to learn more about our overall vehicle sales data and forecast for March 2024: