Automotive consultant Cox Automotive sees new vehicle sales dip by about 2% in the U.S. in the third quarter while JD Power expects it to remain flat as compared to the third quarter of 2023. What Happened: Cox said last week that it expects 3,897,112 vehicles to be sold, 2% lower than the third quarter of last year when 3,979,779 new vehicles were sold. The drop in sales, Cox said, will be spurred by sales decline at General Motors Co. (NYSE:GM), Toyota Motor, and Stellantis (NYSE:STLA). Cox, however, expects General Motors to lead sales in the country with 648,043 vehicles sold, seconded by …
