Tesla, Rivian, Lucid To Soar In H1 Sales — But This Rival Will Retain Top Crown, Says Cox Automotive
Portfolio Pulse from Anan Ashraf
Cox Automotive predicts General Motors (GM), Toyota Motor (TM), and Ford Motor (F) will lead in new vehicle sales in H1 2023. Total new vehicle sales volume is expected to rise by 11.6% YoY, reaching 7.65 million units. EV sales in the U.S. are forecasted to surpass 1 million units. Significant sales growth is anticipated for Tesla (TSLA), Rivian (RIVN), and Lucid Motors (LCID), with sales increases of 26.7%, 183.1%, and 215.2% respectively.
June 28, 2023 | 11:40 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ford Motor is predicted to be among the top automakers in terms of new vehicle sales in H1 2023.
As one of the predicted top automakers in terms of new vehicle sales, this positive outlook could potentially boost investor confidence and drive up F's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
General Motors is predicted to maintain its position as the top automaker in terms of new vehicle sales in H1 2023.
As the predicted top automaker in terms of new vehicle sales, this positive outlook could potentially boost investor confidence and drive up GM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Lucid Motors is expected to see a sales increase of 215.2% in H1 2023, according to Cox Automotive.
The predicted sales growth for Lucid Motors could potentially boost investor confidence and drive up LCID's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Rivian is expected to see a sales increase of 183.1% in H1 2023, according to Cox Automotive.
The predicted sales growth for Rivian could potentially boost investor confidence and drive up RIVN's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Toyota Motor is predicted to be the second leading automaker in terms of new vehicle sales in H1 2023.
As the predicted second leading automaker in terms of new vehicle sales, this positive outlook could potentially boost investor confidence and drive up TM's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tesla is expected to see a sales increase of 26.7% in H1 2023, according to Cox Automotive.
The predicted sales growth for Tesla could potentially boost investor confidence and drive up TSLA's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90