New car sales projected to rise in January despite seasonal slowdown

This month’s new car sales are set to rise from last January but decline from December, according to a preliminary forecast from Cox Automotive.

In early 2023, the auto market was still heavily constrained by supply chain disruptions and manufacturing delays stemming from the COVID pandemic. It was not until the second quarter that conditions became more favorable, allowing the industry to make considerable gains in terms of production and meeting demand.

As a result, Cox…