Automakers cite double-digit increases in the first quarter.
Still, rising competition and an uncertain economy threaten EV maker's quarter-on-quarter sales growth.
It reported that US retail sales rose 15% while fleet sales jumped 27%.
Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
Prices stay high, though, as makers focus on fleet sales.
Improved inventory levels and higher retailing cited for the sales boost.
Experienced technology professional has served in key marketing and sales roles at leading brands.
The company reported a profit before tax of $326 million for the quarter ending in December.
Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.
Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.
