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

AutoSuccess

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 units, up 3% from 2023.

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

Auto Remarketing

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. In the San Jose market, the report said, one in five households has an EV and 4.9%

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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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2025 Hyundai Sonata reintroduces entry-level SE trim, brings down the starting price

Autoblog: Repairs

auto market fills in another piece with the arrival of the 2025 Hyundai Sonata. The other trim news is the SEL with the $3,050 Convenience Package being broken out as its own trim, which could be considered another restoration after the SEL Plus also left the lineup at the end of the 2023 model year.

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

AutoSuccess

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

Auto Remarketing

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.”