“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…

“All Things Used Cars” Auto Market Update 11-17-2003

Our Philosophy: We see the automotive operation is like our body’s circulatory systems. Your dealer operations are your heartbeat, your inventory acquisition strategy is blood flow, and your kidneys are your consultants, data-analytic tools and software that optimize that blood flow. How is your circulatory system??  If your blood flow (inventory) is restricted, even if…

The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-16-2023

 Economic Update: The US Bureau of Economic Analysis (BEA) reported that consumer spending increased by 0.7% in September 2023, 0.4% in August 2023, and 0.8% in July 2023. According to a report by The Conference Board, the US economy is projected to enter a short and mild recession around the turn of the year due to falling consumer and business confidence, softening consumption…

“All Things Used Cars” Auto Market Update 11-10-2003.

Economic Update: Consumer sentiment dropped again last week. Morning Consult’s report shows that interest rates and higher gasoline prices drive that trend. Retail Sales Trending October’s total new-light-vehicle sales were up 1.5% year over year, with one less selling day. October new vehicle sales were down 9.6% month over month. Used-vehicle retail sales in October…

All Things Used Cars Auto Market Recap 10-13-23

Economic Update: Source  The United Auto Workers’ strikes came to Louisville, Kentucky, this week when the 8,700 workers at the Ford Kentucky Truck Plant held a surprise walkout. They join the 25,300 employees now on strike at other Big Three facilities across the country. Home Mortgage Refinancing –62% of mortgages are below 4%, and 24% are below Wage Growth –Wages are up…