Used Car Tends

“All Things Fixed Ops” Auto Market Update 12-18-2023

Economic Outlook: Source It’s projected that the economy will expand at a modest 1.4% next year and 1.8% in 2025. The Fed is delivering as many as six 25-basis-point rate cuts totaling 150 basis points. Interest rates have a direct effect on consumer behavior, impacting several facets of everyday life as borrowing becomes cheaper, making large…

“All Things Used Cars” Auto Market Update 12-15-2023

Economic Outlook: Source It’s projected that the economy will expand at a modest 1.4% next year and 1.8% in 2025. Fed is delivering as many as six 25-basis-point rate cuts totaling 150 basis points. Interest rates have a direct effect on consumer behavior, impacting several facets of everyday life as used car borrowing becomes cheaper, making large…

“All Things Used Cars” Auto Market Update 12-8-2023

All Things Used Cars: Economic Outlook: Source Staying on next year’s interest rate outlook a little longer, things are slowing in the labor market, it’s not enough to cause a panic about unemployment. The October jobs report with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9% Over the past three months,…

“All Things Fixed Ops” Auto Market Update 12-4-2023

Fixed Ops Economic Outlook: Source Discretionary spending is increasingly tilting toward experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders, and parents — are experiencing growing budgetary pressures. Baby boomers (60-75) tend to be the…

“All Things Used Cars” Auto Market Update 12-1-2023

All Things Used Cars Economic Outlook: Source Discretionary spending is increasingly tilting toward experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders, and parents — are experiencing growing budgetary pressures. Baby boomers (60-75) tend to…

What will “Point of Sale Cash” do for Electric Vehicle Demand in 2024?

Below we review the Electric Vehicle changes in January and what that means for dealers?   As part of the Biden-Harris Administration’s investing in America Electric Vehicle agenda, the U.S. Department of the Treasury and the Internal Revenue Service (IRS) initiated the IRS Energy Credits Online portal on November 1, 2023. This strategic move is…