The Automotive Advisor Team

Automotive Market Update 6-21-2024: Summer Selling Season…Hot or Not??

Summer Selling Season…Hot or Not??   Economic Source Despite remaining above the Federal Reserve’s 2% target, as reported last week, inflation showed signs of potential slowing, being slightly lower than expected.  The market reacted positively to these numbers as they suggest the Federal Reserve is making progress in controlling inflation. The Feds reiterated that its…

“All Things Used Cars” Auto Market Update 6-6-2024

“All Things Used Cars” Auto Market Update 6-6-2024   Economic Source Personal Income Growth: Decelerated to 0.3% from 0.5% in March. Employee Compensation Growth: Slowed to 0.2% from 0.6% in March. Government Transfer Payments: Growth decelerated to 0.3% from 0.8%, with reductions in Medicaid, Social Security payments, and unemployment compensation. Personal Income: The pace slowed…

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…