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automarket, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. automarket being steered by five key themes. In 2024, the used-vehicle market is expected to grow by less than 1%. million vehicles sold via retail channels.
. “Overall, dealer sentiment is likely worse than actual market conditions,” added Smoke. Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. 3 on the list of top 10 factors affecting business.
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