Auto Market Forecast for 2024: The Old Normal
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
Cox Automotive welcomes a return to normalcy after four years of everything but normal, with nothing in the data suggesting vehicle market surges in any direction.
The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.
Wholesale supply ended November at 30 days, up one day from the end of October and flat year over year.
While the used vehicle market is not fully back to normal, it shows signs of more stability and balance.
The longtime automotive remarketing executive is credited with establishing a best-in-class risk management approach and accelerating the company’s digital transformation.
Sales incentives were up 136% year over year in November, indicating the new-vehicle market is shifting to a buyer’s market, not a seller’s market.
Analysts are expecting a measured movement through December and the year, which should reach the January forecast for a 4% year-over-year decline.
The national network of independently-owned wholesale auto auctions plans to build and strengthen its auction teams.
A third quarter report from AutoIMS comes amid the outside pressures of inflation and the United Auto Workers strike.
From safety to market conditions to connectivity and technology, three keynote sessions at the recent Fleet Forward and Fleet Safety conferences provide an overview of the latest advances for fleets.
The improved digital marketplace will provide a secure one-stop-shop experience with best-in-class cross-border services and real-time delivery options.
Analysis: Slowing EV adoption, an expensive UAW labor contract, and higher consumer interest rates will diminish the profits and gains of recent years.
The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
The consolidated digital platform will simplify buying and selling while expanding reach and access for customers.
Over the last two weeks, Manheim Market Report (MMR) prices declined an aggregate of 1.9%, which was more than the normal decline of 1% for the time of year.
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