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.
Report shows pace of adoption building as ICE vehicles wane.
Dealer profits still high, though fewer units marked above MSRP.
Volvo Car AB of Sweden reported sales grew 7% year-over-year in October.
Carmaker has best quarter of year despite overall industry problems.
The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
As automakers report second quarter results, analysts say a market rebound may be on the way.
Ford Motor Co. reported nearly a 32% increase in U.S. sales in June, as it improved truck and SUV deliveries and rolled out an all-electric pickup.
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