The Automotive Advisor Team

“All Things Fixed Ops” Market Recap

Economy   The U.S. government on Thursday is expected to report the economy grew at a 1.8% annual pace in the second quarter, according to economists polled by Reuters. Despite that, the Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what…

“All Things Used Cars” Market Recap

 Economy   The U.S. government on Thursday is expected to report the economy grew at a 1.8% annual pace in the second quarter, according to economists polled by Reuters. Despite that, the Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday, citing still elevated inflation as a rationale for what…

The Automotive Advisor Team

All Things Fixed Ops Recap 7-24-2023

Economy  SOURCE Americans should see some relief soon with inflation reaching its lowest point since early 2023 to 3% in June. This has come from the slowing of gasoline prices, airline fares, used cars, and groceries. The better news is this inflation tapering has not caused a spike in unemployment or signs of a deep recession.…

The Automotive Advisor Team

Automotive Dealer’s Weekly Update 7/20/23

Economy  SOURCE Squeezed by painfully high prices for two years, Americans have gained some much-needed relief with inflation reaching its lowest point since early 2021 — 3% in June compared with a year earlier — thanks partly to easing gasoline prices, airfares, used cars, and groceries. The inflation figure the government reported Wednesday was down from…

The Automotive Advisor Team

Automotive Market Weekly Recap 7-7-23

Economy Source   Consumer spending decelerated and was weaker than expected. But, Personal income growth accelerated to a 0.4% gain and the personal savings rate increased to 4.6%, which was the highest since January 2022. This data points to consumers who have money but are paying off debt and building back savings as a primary goal. Spending…