The Automotive Advisor Team

Automotive Market Update 5-22-2024: Stock Market Highs and Automotive

Automotive Market Update 5-22-2024: Stock Market Highs and Automotive     Economic Automotive Outlook: Source   Overall Trends Inflation growth slowed down in April, with core CPI hitting its lowest reading since April 2021. April’s retail sales were flat, with the automotive underperforming the overall market. Residential construction was mixed in April, with multifamily starts…

“All Things Used Cars” Auto Market Update 5-10-2024

“All Things Used Cars” Auto Market Update 5-10-2024   Economic Automotive Outlook: Source The Q1 2024 Cox Automotive Dealer Sentiment Index shows an overall increase in current market sentiment, but the profitability index dropped to nearly an all-time low. With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers…

“All Things Used Cars” Auto Market Update 5-3-2024

Economic Automotive Outlook: Source   Economic growth is expected to slow towards the end of 2024 from the combination of stubborn core inflation, higher interest rates, tighter lending standards, and increased uncertainty. Consumer spending will be squeezed as savings accumulated during the pandemic are depleted, however strong confidence will partially offset this. Experian projects CPI…

The Automotive Advisor Team

Automotive Market Update 5-1-2024: Ending of Tax Season

Economic Automotive Outlook: Source (Interest Rate Projections) Economic growth is expected to slow towards the end of 2024 from the combination of stubborn core inflation, higher interest rates, tighter lending standards, and increased uncertainty. Consumer spending will be squeezed as savings accumulated during the pandemic are depleted, however strong confidence will partially offset this. Experian…

“All Things Used Cars” Auto Market Update 4-26-2024

Economic Automotive Outlook: Source For the third consecutive month, median one-year-ahead inflation expectations remained unchanged at 3.0% in March. In contrast, the median three-year ahead inflation expectations increased to 2.9% from 2.7%, whereas the median five-year ahead decreased to 2.6% from 2.9%.  The implications are important for rate cuts that will impact retail demand later…