The Bolt EV saw a 335% sales increase in July to its highest volume ever in a second quarter at 10,857 units.
The digital platform enables consumers to transact 100% online.
Chip shortages and surging demand are squeezing used vehicle sales while inflating prices.
James Davis, customer strategy and insight director (commercial vehicles) for Cox Automotive Europe, passed on July 11, 2021. He was 47 years old. In this position, Davis assumed an industry thought leadership role that involved building, sustaining, and evolving deep long-term open trust relationships with customers, business partners, suppliers, and industry bodies.
Cox Automotive Analysis: Fleet sales are still stuck in first gear, estimated to have increased by only 5% year over year but remain down by more than 40% from 2019.
Cox Automotive Commentary: The third quarter will be the industry’s toughest in 2021, and our analysts are forecasting second-half sales to finish below first half.
A Cox Automotive forecast predicts the recent sales frenzy will slow as inventory constraints are pulling the market back down to earth.
Strong spring sales thanks to tax refunds and stimulus checks depleted the supply.
While prices bounce up during springtime, this year's qualify as a leap, an economist says.
Cox Automotive has acquired Fyusion, a computer vision company that provides immersive vehicle imaging solutions for the automotive wholesale market and other industries.
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