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Cox economist: Auto markets should stand strong despite economic headwinds

Auto Remarketing

That’s the reassuring message sent by Cox Automotive senior economist Charlie Chesbrough in “Charlie's Real-Time Quarterly Market Update,” a webinar presented last week by the American International Automobile Dealers Association. Experts are split on whether there will be a significant economic downturn, but, Chesbrough said.

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Cox midyear review: Consumers’ waiting game slows growth of auto market

Auto Remarketing

Uncertainty is the name of the game right now in the automotive market, according to chief economist Jonathan Smoke and Cox’s team of analysts, as consumers wait for any number of things — including.

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Auto Market Forecast for 2024: The Old Normal

Automotive Fleet

Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.

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"Unthinkable": Tariffs Put Auto Market on Tough Road

Automotive Fleet

About 44% of the new vehicles sold in the U.S. last year were imported from countries across North America, Europe, and Asia.

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Volume and Service: The Winning Formula for Gross in Today’s Market

AutoSuccess

In today’s evolving auto market, one thing remains crucial: focusing on volume and exceptional customer service will naturally drive gross. In today’s market of compressed margins, dealerships are too fixated on protecting gross. This approach is costing deals — and, ultimately, gross profit.

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EV Sales Hit New Record Despite Down Auto Market

Automotive Fleet

While this is the EV decade, the market is a long way from becoming one centered on electric vehicles.

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The 10 Most Anticipated Electric Vehicles Coming in 2024

autoevolution

Although initially reluctant, the US auto market is finally embracing electric vehicles. Here are the 10 most anticipated EV models scheduled to hit the market in 2024 and what to expect of them. Dozens of new models will launch next year, making it hard to make a decision.