The Q2 2024 Cox Automotive Dealer Sentiment Index shows U.S. auto dealers are navigating a challenging market, shaped by economic uncertainty and a coming national election. High interest rates and the economy, particularly inflation and rising costs for dealers, followed by the political climate are top factors holding back business.
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Annual new-vehicle sales pace in May is forecast to finish near 15.8 million, an increase from last May s 15.5 million level and up 0.1 million from April s 15.7 million pace.May s