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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. auto market being steered by five key themes. Meanwhile, the used EV market is expected to be the fastest-growing segment of the wholesale/used-vehicle market.

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2025 Lucid Gravity Is Queen Of The Electric SUVs With A 440-Mile Range

Jalopnik

Californian startup Lucid took a bold approach for its introduction to the world, launching in 2021 with the phenomenal Air , a large electric luxury sedan that entered a small, competitive segment of the auto market.

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High Interest Rates, Slow Economy Repress U.S. Auto Dealer Sentiment

AutoSuccess

auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). The Q3 current market index was 45, still below the threshold of 50, indicating that more dealers see the current auto market as weak than see the market as strong. Overall dealer sentiment in the U.S.

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Cox’s Q1 survey shows hint of optimism, but dealers still down on current market

Auto Remarketing

That score has dropped steadily since its peak of 60 in Q3 2021. That’s less than half of its 2021 high point of 86 and the first time since the pandemic that it’s been below the 50 threshold. auto market is very different than it was just two years ago.”

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

AutoSuccess

After peaking at 60 in 2021, the profitability index has continued to decrease, hitting a post-pandemic low for the second straight quarter in Q1, indicating most dealers see profits as weak, not strong. auto market is very different than it was just two years ago.” economy was shut down. That sentiment has changed.