Cox Automotive

For me, it's a big change.

You know, Cox Automotive, they had an AI research study, and they found that 63% of in-market shoppers say they probably or definitely plan to use AI doing their next vehicle purchase.

So we know that AI tools are already almost level with automotive-specific websites, you know, as they continue to do their vehicle research on all of these different channels.

So Cox describes this customer as more informed and more decisive.

For 14 years, he developed and maintained his businesses AllNightClubs.com and AllTheParties.com before joining a nonprofit startup as a second engineer.

His software engineering career later took him from New York City to Atlanta with roles in CNN, Cox Automotive, Automax and Enova.

Today he's working on TaskFaz, a platform where AI agents hire other agents to perform tasks.

So welcome to the pod, Sam Obukwala.

And that number is right.

Cox Automotive, who tracks this stuff, says about 263,000 electric cars sold over the summer, about 6.5% of the market, down almost 40% from a year ago.

But read the next line from the same people.

Cox said that nearly a quarter of all the cars sold over the summer were electrified in some way, counting the hybrids and the plug-ins.

Hybrids continue to have their day.

They now have a record 16% market share for light-duty vehicles, according to Cox Automotive.

An industry tracking firm, Catalyst IQ, says they are the fastest-selling vehicles in the U.S., staying on dealer lots for only 59 days.

The average price for a hybrid? $45,500.

October is shaping up to be another solid month.

Cox Automotive forecasts about 1.38 million vehicles sold, up 7.2% from last October.

Okay.

And the SAR is expected to reach 16.1 million, slightly above September.