Cox lowers full-year forecast to 14.4 million vehicles

VW showroom Grand Rapids, Mich. — An empty Volkswagen showroom this month in Grand Rapids, Mich. New-vehicle inventories across the industry remained at around 1 million in June, with much of it already presold. (DAVID PHILLIPS)

June 28, 2022 02:00 PM

DETROIT — Cox Automotive on Tuesday cut its full-year new vehicle sales outlook by nearly 1 million vehicles to 14.4 million, the latest forecaster to lower estimates amid persistent supply constraints.

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