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COMMENTARY: The new dynamics of car retailing, navigating the post-pandemic shift

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As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electric vehicle sector. Dealerships that embrace this change are poised to thrive in the new era of automotive retailing.

Retail 98
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Cars Commerce’s new look at used-car market tells an old story

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over August 2023, with the vast majority of that increase coming from vehicles more than 7 years old. That trend has also driven down retail prices, which have dropped 4.9% The report found the supply of vehicles priced at less than $10,000 — with an average age of 13 years — were up 27.4% years old, rose 16.8%.

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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

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With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.6 In 2024, the used-vehicle market is expected to grow by less than 1%.

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Cox survey finds dealer sentiment stable – at a pessimistic level

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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. Overall, dealer sentiment is likely worse than actual market conditions,” Smoke said.

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CarGurus’ latest consumer analysis shows continued push toward online buying & selling

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The automotive market has seen incredible change within the last few years, with pricing and inventory levels in flux, EVs becoming more mainstream, and more paths to purchase — especially online — available for shoppers,” CarGurus director of product marketing Alison Ciummei said in a news release. “As

Finance 52