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

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auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto industry.

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

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The Cox Automotive Dealer Sentiment Index for the first quarter of 2024 shows dealers’ view of the market has improved only slightly, up to 42 (out of 100) from Q4 2023’s dismal score of 40 — the lowest since the beginning of the COVID pandemic in the spring of 2020. The vehicle market in the U.S. 13, 2024.

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

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The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. “The vehicle market in the U.S.

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Tariff tension continues to mount in US auto industry

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The Automotive Policy Council, an association representing the Big Three U.S. automakers, issued a statement from its president Matt Blunt urging the President to exempt automotive items that are in accordance with the 2020 United States-Mexico-Canada Agreement from the new tariffs. he said.