“All Things Fixed Ops” Auto Market Update 11-27-2023

Economic Outlook: Consumer prices were unchanged in October, the slowest monthly growth since July 2022. The Consumer Price Index rose 3.2% over the past 12 months, Retail sales edged down 0.1% in October, pulling back slightly and ending six straight months of growth. While consumer spending continues to provide resilience to the U.S. economy, Americans hit the…