AutoSuccess
JANUARY 29, 2024
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. Limited production between 2020 and 2022 has led to a scarcity of prime, available CPO products despite strong demand.
AutoSuccess
SEPTEMBER 26, 2023
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. 8, 2023.
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AutoSuccess
MARCH 19, 2024
For franchised dealers, the profitability index has declined significantly from the first half of 2022, when the index was near a record high and above 80. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020.
AutoSuccess
APRIL 29, 2024
More than a third (36.7%) said their F&I sales increased more than 10% compared with 2022. Some emerged during the pandemic, while others were long-term trends in the auto market, such as the overall cost of components, parts availability, shortage of labor and more expensive technology found in today’s vehicles.
Auto Remarketing
MARCH 13, 2024
auto market is very different than it was just two years ago.” The new-vehicle inventory index reached an all-time high of 75 in Q1, soaring 13 points from the previous quarter and 50 points since Q1 2022, when low new-vehicle supply was among the most cited factors holding back business.
AutoSuccess
JANUARY 31, 2024
auto market in 2024 , auto dealers face many new challenges: tighter margins, new technology, and a shift to a more electrified future. In 2023, 69% of consumers were highly satisfied with the car buying process compared to 61% in the 2022 study. Though Cox Automotive expects a return to normalcy in the U.S.
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