Cox Predicts Auto Sales to Return to "Normal"
Data suggests surges will disappear but so will high profits on new vehicles.
Source: wardsauto.com
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Cox Automotive's Forecast: 2024 - A Return to Normalcy in the U.S. Auto Market
Constrained economic expansion will translate to slow growth across the new, used and wholesale auto markets, but 2024 is expected to be the best year for car buyers since the pandemic. New-vehicle inventory is expected to reach pre-pandemic norms in 2024, leading to downward pressure on transaction prices for consumers and compressed margins and lower profitability for dealers.
United States Cox Automotive Cox Automotive Chief Economist Jonathan Cox Automotive Economic Industry Insights Growth Ahead
Source: theautochannel.com