“All Things Fixed Ops” Auto Market Update 2-19-2024

Economic Outlook: Source The Bureau of Labor Statistics showed: The median worker experienced a 5.5% increase in earnings during 2023. That falls short of the 7.1% inflation adjustment implemented by the Internal Revenue Service The IRS adjusts more than 60 tax provisions annually, including tax rate schedules for low to mid-income earners should see a slight increase in…

“All Things Fixed Ops” Auto Market Update 1-29-2024

Economic Outlook: Source  Consumer sentiment in the U.S. has improved much more than anticipated in January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. The University of Michigan’s report also showed continued decreases…