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Cox economist: Auto markets should stand strong despite economic headwinds

Auto Remarketing

Even with the looming threat of an autoworkers strike, rising interest rates and a shaky economy that might or might not be on the verge of a recession, car dealers should come out OK the rest of this year. Experts are split on whether there will be a significant economic downturn, but, Chesbrough said.

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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. Let’s get out there and crush it!

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Retail used-car market by the numbers: Supply, demand, prices & EV metrics

Auto Remarketing

It was good news, bad news for the retail used-car market in January. Used-car demand fell over 7% from January 2023, but was up almost 14% from December. These are just some of the trends and data shared in the inaugural monthly Industry Insights Report from Cars Commerce released Thursday. Used-car demand fell 7.6%

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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. Meanwhile, the used EV market is expected to be the fastest-growing segment of the wholesale/used-vehicle market.

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This $8,000 Suzuki From India Received A 5-Star Crash Test Rating

Jalopnik

There aren’t any new models available under $20,000 in the for American car buyers anymore, but emerging auto markets like India have plenty of cheap cars to go around. One of these budget cars just proved that you don’t have to spend a lot of money to be safe. Read more.

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Color study shows the graying of America’s cars

Auto Remarketing

America’s cars are going gray — and not just because they’re getting older. The latest study of car colors from iSeeCars shows gray rising in popularity, passing silver for third in market share behind perennial favorites white and black. of the market to 19.2%. auto market, representing 78.9%

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Thinking of Buying a Hyundai? Here’s What You Need To Know

Auto Service World

As a car buyer looking for value and reliability, you might have turned your gaze towards Hyundai, a brand known for its diverse range of vehicles that cater to nearly every segment of the auto market. They play a pivotal role in ensuring that every Hyundai owner receives the assistance and care needed to maintain their vehicle.

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