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Automotive buy-sell market defies high interest rates, remains strong in 2024 – Erin Kerrigan | Kerrigan Advisors : … today’s episode of Inside Automotive, Erin Kerrigan, the Founder … and solid earnings in the automotive sector. 2. The … sell activities. 3. The automotive industry is experiencing a significant … high interest rates, the automotive buy-sell market remains robust … #car #cars #awesome

Cox Automotive Chief Economist Jonathan Smoke notes, “There is a lot of uncertainty in this market, leaving consumers and dealers alike unsure of the road ahead. In the auto business, uncertainty is the enemy – it negatively impacts sales, hurts consumer sentiment, and leaves auto dealers feeling troubled.” ….. but what if you’re creating a frictionless, personalized new car pipeline by pulling consumers ahead in their buying journey? Curious how CarSaver can navigate an uncertain market by creating Certainty, Loyalty and Driving Sales for our OEM and Dealer partners? Ask me How :) #automotive #carsaver #newcar #technology #adaptiveretail #upgrade #drivesales #increaseloyalty #letsworktogether

Shift into high gear with this eye-opening fact! The automotive repair and service market is projected to accelerate to $1656 billion by 2031. Time to fuel up for the future! ⛽ Source: https://buff.ly/3TVNwKT #autoindustry #growthprojection #futuretrends #markettrends #autoservices

A new survey from Cox Automotive Inc. reveals areas of concern for dealers. Plus, Hyundai is swiftly becoming one of the top EV sellers in the U.S., and auto credit availability declined slightly in May. 1. Car dealers feel more pessimistic about the market than they did at the start of the year — find out why… 2. In just a few short years, Hyundai has changed the dynamic of the U.S. car market, going from a modest import brand to a major contender…especially in the EV sector. 3. Although auto credit availability didn’t improve in May, there is a gradual return to affordability in some areas of the market… Read today’s automotive news, brought to you by the CDG Jobs board: https://lnkd.in/gQWCHCCY

Here's the auto market forecast for 2024 ➡️ https://loom.ly/8rXNWEI Cox Automotive Inc. welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.

Fleets now account for more than 60% of the new car market and EV market share has declined, according to the latest data. March was an important month for our industry with the new registration plates, the Spring Budget and the end of Q1. But is the outlook for EVs as bad as some are predicting? How did the car manufacturers do in the first quarter of this year? Broker News has just published an excellent analysis of the latest stats: https://lnkd.in/eyXDnpwp

“As we look ahead to Q4, the new car market is poised for one of its most challenging periods in recent memory. Our revised forecast at Cox Automotive suggests 2.02 million new car registrations in 2024, but the road to achieving this will be anything but smooth. The pressure on manufacturers is intensifying, driven by the need to meet ZEV mandate targets, which could lead to significant disruptions in the market. We’re likely to see aggressive pricing strategies to push EVs, potentially at the expense of ICE and PHEV options. This could create an unnatural market dynamic with serious implications for profitability, consumer choice, and residual values. As we approach the end of the year, the industry faces a critical juncture where the decisions made will have lasting impacts.” Cox Automotive Europe Philip Nothard Broker News Ralph Morton https://lnkd.in/eMiGx3K2

More coverage taking learnings from Cox Automotive Europe's latest Insight Quarterly with Philip Nothard's commentary on the #automotive market hitting the news in #MotorTrader - Read more: https://lnkd.in/diD7i32Y 🗞 #automotivenews #insight #coxautomotive

Here's the auto market forecast for 2024 ➡️ https://loom.ly/8rXNWEI Cox Automotive Inc. welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.

Here's the auto market forecast for 2024 ➡️ https://loom.ly/8rXNWEI Cox Automotive Inc. welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.