Remove 2023 Remove Auto Market Remove Electric Vehicles
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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. auto industry. “To name a few, we saw historic appreciation in vehicle values, unimagined drops in supply, and interest rates moving from all-time lows to 23-year highs at an unforgiving pace.

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Report finds California cities dominate list of most EV-friendly housing markets

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In fact, the 2024 Realtor.com Housing Market and Electric Vehicle Report found three of the top 10 and eight of the top 20 housing markets for EV ownership are in the Golden State. The San Jose-Sunnyvale-Santa Clara market ranked No. of homes in Realtor.com were listed as EV-friendly — the most of any market.

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

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held mostly steady in Q3 2023 compared to Q2, as high interest rates and economic concerns weigh heavily on the U.S. auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). auto market is relatively balanced and consistent from last quarter. Overall dealer sentiment in the U.S.

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Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

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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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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. 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

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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. That is no longer the case.

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How Will Advanced Automotive Technology Showcased at CES 2024 Impact F&I Protection Products for Dealers?

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7 electric vehicles. From component and software suppliers to SoC (System on a Chip) manufacturers, everyone has been talking about AI in vehicles. Comparing F&I product sale activity in all of 2023 and comparing to the previous year, 41.6% of auto dealers said the sale of F&I products was up about 5-10%.