Q2 ended on a weak note in the US, with 1.13 mn LVs sold (-13% YoY). Without any prospects of normalized production in the short term, we cut the 2022 forecast to 14.3 mn units, a decline of 600k units YoY. In the first half of the year, sales shrank by 1.5 mn.

“For the industry it's a difficult situation. They're coming out with a lot of electrics in the market place but we're having such production issues that it's going to be difficult to meet that demand,” explained Roberts. Always a pleasure to chat with Ed Garsten

“I would say it’s just kind of an unfortunate time for the industry,” he said. “The supply is really going to be the limiting factor here.” bostonglobe.com/2022/07/15/sci…

“It’s important to keep in mind the total cost of ownership of EVs vs. ICE vehicles when comparing the two... EVs will have cost savings on electricity versus gas, government incentives and on maintenance that could offset a higher upfront list price.” gobankingrates.com/saving-money/c…

The shift in total cost of ownership calculations due to rising battery costs must be a key component not only in EV sales forecasts but ICE bans as well.

Great to connect with Nik and discuss how the Inflation Reduction Acts clean vehicle credits could impact new and used vehicle demand. time.com/6206639/electr…

Great to connect with Ed Garsten at Forbes on how lower #gas prices are impacting consumer interest in #EVs.

🇺🇸January #Jobsreport: "Wow" 🟢Payrolls +517k 🟢Private +443k ▶️Goods +46k ▶️Services +397k 🟢Gov +74k ⬆️Revisions: +71 k 👀#Unemployment 3.4% (-0.1pt):🆕50-yr low⚠️ ✅Participation rate 62.4% (+0.1pt) 📊Wages +0.3% m/m (& Dec +0.4%) ⤵️Wage growth 4.4% (-0.4pt)

Enjoyed my conversation with Akiko Fujita and Josh Lipton on Yahoo Finance Closing Bell! We discussed how the UAW strike is impacting vehicle production and already having trickle-down effects, potential next steps, and which automakers could benefit. #UAWStrike

I enjoyed my conversation with Peter Valdes-Dapena discussing how consumers can best navigate through the current market of high vehicle prices and rising interest rates. cnn.com/2023/10/10/bus…

How are higher rates impacting the EV market? Car Gurus' Kevin Roberts breaks down how lack of price parity and high monthly payments are affecting the industry

It was a treat to join CNBC Fast Money on Halloween to discuss CarGurus' view on rising EV inventory levels. EV sales are rising, but so is EV inventory as consumer demand is being tempered by electric price premiums and rising interest rates. cnbc.com/video/2023/10/…

It was a pleasure connecting with Jack Ewing to discuss how automakers are reevaluating their investments in #EVs as widespread adoption faces headwinds from high vehicle prices and rising interest rates. nytimes.com/2023/11/07/bus…

It's great to see insights from CarGurus' October Intelligence Report featured in USA TODAY. Our monthly report provides a comprehensive overview of the latest trends impacting the new and used vehicle market, along with in-depth analysis of key topics. usatoday.com/story/money/pe…

Was a pleasure to speak with Kyle Stock again, this time discussing how consumers can benefit from rising #EV inventory levels if you're targeting the right model. bloomberg.com/news/articles/…

It's suddenly a great time to buy an EV yahoo.trib.al/Y7A847h by Pras Subramanian

🚘 CarGurus' Kevin Roberts discusses the demand outlook for EV vs. ICE vehicles, and why now is the "time to shine" for hybrids with Oliver Renick:

"The auto industry as a whole is still quite healthy," CarGurus director of industry insights and analytics Kevin Roberts says. "I think we're in a bit of a rebalancing right now, and that's what we're feeling and starting to see this earnings season."

"Affordability was kind of the throughput trend for 2024 for the auto industry," CarGurus' Kevin Roberts says. "We definitely saw consumers ... pivot pretty hard to affordability this year, and it really came down to high vehicle prices and interest rates at multidecade highs."

“It’s a really unfortunate time for these tariffs to be coming into the marketplace, affordability was already an issue in the new vehicle market,” CarGurus director of economic and market intelligence Kevin Roberts says.