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. In 2024, the used-vehicle market is expected to grow by less than 1%. million vehicles sold via retail channels.

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AutoSuccess

DECEMBER 13, 2024

The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.

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AutoSuccess

MARCH 19, 2024

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.

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Auto Remarketing

JUNE 12, 2024

Still, Smoke said, hidden in the overall dealer pessimism are some positive signs, notably the profit index, which, while it only reached 36 overall, rose for the first time since Q3 2021. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.

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AutoSuccess

JUNE 11, 2024

In the auto business, uncertainty is the enemy — it negatively impacts sales, hurts consumer sentiment, and leaves auto dealers feeling troubled.” ” Despite the market’s perceived weakness, the CADSI showed some promising signs in Q2. The profit index, for example, increased for the first time since Q3 2021.

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