Reported 6 months ago
A joint report by J.D. Power and GlobalData projects a modest rise in U.S. auto sales in May compared to last year, driven by demand for crossover SUVs and pickup trucks. Automakers are focusing on hybrids and gasoline models due to uncertain EV demand, with total new vehicle sales expected to reach 1,446,800 units, a 2.9% increase from last year. Average transaction prices are predicted to be $45,033, with an increase in incentive spend and a decline in retailer profit per unit. Despite these trends, interest in purchasing EVs has decreased, attributed to factors like charging station availability and purchase price.
Source: YAHOO