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Report shows consumers ‘speaking with their wallets’ on affordability concerns

Auto Remarketing

The car-buying public has a message for the used-car industry, and it’s this: We don’t want to pay too much for a vehicle. That message was clearly conveyed in CarGurus’ latest Quarterly Review, which found sales of lower-priced used cars rising and high-end vehicle sales falling. “As

Finance 52
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Cox survey finds dealer sentiment stable – at a pessimistic level

Auto Remarketing

While franchises rated the overall market at 49 – just below threshold – independents gave it a 40. Likewise, independents’ 38 score for the used-car sales environment (up from 36 in Q1) was far worse than the franchises’ hopeful index of 54. The full results can be downloaded here.

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

AutoSuccess

’ 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.” 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

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