Cox Raises New Car Forecast for 2023 as Market Appears 'More Balanced'

It gears back its used car forecast, but notes the resilience of buyers even with rising interest rates.

By Jim DuPlessis | June 28, 2023 at 03:00 PM

Drivers have more cash than expected, allowing new car sales to show surprising strength and leading Cox Automotive on Tuesday to raise its forecast for the year.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
Exclusive discounts on ALM and CU Times events.
Access to other award-winning ALM websites including Law.com and GlobeSt.com.

NOT FOR REPRINT

Lending

1 Patrick La Pine Departs LSCU, Others Take 'Elevated' Roles

2 Westerra CU Hires CFO; 4 Other Credit Unions Announce New Roles

3 Learn How CU are Realizing 55% Automated Bookings and 70% Instant Funding

4 Conspirator From Gang of Eight Admits to Targeting Credit Union Shared Branching Network

5 Man Allegedly Deposits $7 Million in Stolen U.S. Treasury Checks at Credit Unions

Consulting
Consulting Leaders in Technology 2024
May 16, 2024 - Dallas

Consulting Magazine recognizes leaders in technology across three categories Leadership, Client Service and Innovation.
More Information
Consulting
Consulting Top Consultants 2024
June 27, 2024 - New York

Consulting Magazine identifies consultants that have the biggest impact on their clients, firms and the profession.
More Information
Real Estate
GlobeSt. Women of Influence (WOI) 2024
July 22, 2024 - Lake Tahoe

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information

Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

By Kristen Beckman | May 03, 2024

Employers can help employees save by automating and incentivizing emergency savings, but it's key to customize messaging that is unique to a specific employee demographic to increase the likelihood of them taking action.

Spending Spikes & Student Loan Debt Are Putting Retirement Savings at Risk

Top 10 Credit Unions: Earnings Rise From Q4 to Q1

By Jim DuPlessis | May 02, 2024

The largest credit unions benefit from lower loan loss provisions, but revenues and loan originations fall.

Top 10 Credit Unions: Earnings Rise From Q4 to Q1

Home-Price Gains Accelerate in the U.S., Climbing 6.4% in February

By Prashant Gopal | April 30, 2024

"Following last year's decline, U.S. home prices are at or near all-time highs."

Home-Price Gains Accelerate in the U.S., Climbing 6.4% in February

The Future of Payments for Credit Unions link

White Paper

Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
Exclusive discounts on ALM and Credit Union Times events.
Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now

Instant Insights /