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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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High Interest Rates, Slow Economy Repress U.S. Auto Dealer Sentiment

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auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). The Q3 current market index was 45, still below the threshold of 50, indicating that more dealers see the current auto market as weak than see the market as strong. Auto Dealer Sentiment appeared first on AutoSuccessOnline.

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

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auto market is very different than it was just two years ago.” Sales environment still down Dealers said the current sales environments for both new and used vehicles have improved over last quarter but are still down year over year. The full results can be downloaded here.

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Cox survey finds dealer sentiment stable – at a pessimistic level

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Many dealers and consumers believe the election outcome will impact the economy and the auto market in some way – either good or bad – and that expectation of change is causing paralysis in the market and hurting sentiment.” The full results can be downloaded here. Weak/declining selections are assigned a value of 0.

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

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On the other hand, independent dealers scored the current used-vehicle market at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehicle market as weak. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index.

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

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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. The total metrics reported have a +/- 3.04% margin of error.