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Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market

AutoSuccess

auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. auto industry. auto market being steered by five key themes. Meanwhile, the used EV market is expected to be the fastest-growing segment of the wholesale/used-vehicle market.

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Color study shows the graying of America’s cars

Auto Remarketing

According to the study, which analyzed more than 10 million 1- to 5-year-old used cars sold in 2018 and 2023, gray has gained four percentage points in those five years, rising from 15.2% of the market to 19.2%. auto market, representing 78.9% Since then, though, silver has fallen to 11.7% of vehicles – up from 77.2%

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Report finds California cities dominate list of most EV-friendly housing markets

Auto Remarketing

The analysis ranked markets on Realtor.com based on the combination of EV-friendly listings and the congestion index — the ratio of EVs and plug-in hybrids to public charging ports. of for-sale homes on Realtor.com in in 2018 to 0.9% In the San Jose market, the report said, one in five households has an EV and 4.9%

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U.S. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious

AutoSuccess

In the auto business, uncertainty is the enemy — it negatively impacts sales, hurts consumer sentiment, and leaves auto dealers feeling troubled.” ” Despite the market’s perceived weakness, the CADSI showed some promising signs in Q2. While still below the 50 threshold at 36, profit perceptions have stabilized.