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automarket, 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.
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 automarket.
Modern repair shop challenges If not effectively addressed, the challenges caused by trends in the automotive industry can hinder auto technicians and repair shops from delivering high-quality service to their customers. But auto techs must constantly stay current with upgrades and modifications for various components.
Modern repair shop challenges If not effectively addressed, the challenges caused by trends in the automotive industry can hinder auto technicians and repair shops from delivering high-quality service to their customers. But auto techs must constantly stay current with upgrades and modifications for various components.
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 automarket will be stronger in the next three months.
In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. While franchises rated the overall market at 49 – just below threshold – independents gave it a 40.
With this new technology, car manufacturers and dealers must also ask the question, “What happens if these technologies stop working or need to be repaired?” Automotive Technology on Display at CES 2024 Automakers have been incorporating AI into cars for over 10 years. 7 electricvehicles. 7 electricvehicles.
On the other hand, independent dealers scored the current used-vehiclemarket at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehiclemarket as weak. 3 on the list of top 10 factors affecting business.
automarket 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.
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