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Cox Automotive: Car repossessions up 23% year-over-year and eclipsing pre-pandemic levels, indicating economy may be heading toward severe downturn; trend likely won't slow down with inflation, higher car prices and high interest rates affecting consumers

Electric vehicle salesin US up over 11% year-over-year in Q2 2024 with 330,463 units sold; Tesla's market share fell below 50% to 49.7% amidst growing competition from other automakers

Cox: With Tesla's share of US EV market falling below 50% for first time, overall EV competitive landscape intensifies further; automakers that can deliver EVs at 'right price' and offer positive experience to consumers will be able to grow sales faster

Cox Automotive: Auto industry sees recovery with higher inventory and incentives, as consumers hesitate to buy new car due to high interest rates, economic concerns; Cox expects 79% of new car buyers to consider buying EV by 2028, up from 44% currently

VinSolutions named data integration partner in FordDirect's CRM Choice program, enabling Ford Dealers and Lincoln Retailers to access FordDirect data directly within its CRM; Cox Automotive to showcase VinSolutions CRM at 2024 NADA Show in Las Vegas

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