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U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

AutoSuccess

. “Overall, dealer sentiment is likely worse than actual market conditions,” added Smoke. Retail vehicle sales have been fairly consistent so far this year, inventory has returned to reasonable levels, and we believe interest rates have likely hit a ceiling. 3 on the list of top 10 factors affecting business. The post U.S.

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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 vehicles sold via retail channels.

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COMMENTARY: AI and auto — perfecting pricing strategies

Auto Remarketing

The benefits of using AI to shape pricing strategies for remarketing AI is revolutionizing the way used car dealerships are able to compile information, as it reveals the optimal price points for each of the automobiles they intend to sell. But how does this benefit marketers in the auto industry?

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

AutoSuccess

auto market is very different than it was just two years ago.” ” While the current market index, and many of the factors driving it, remains weak, the market outlook index improved significantly in Q1, jumping from 41 last quarter to 51 in Q1. .” automobile dealers.