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.
Source: theautochannel.com