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Spring Optimism Boosts U.S. Automobile Dealer Sentiment

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automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. Franchised automobile dealers had a positive outlook with a score of 54, seeing the market as strong. automobile dealers were feeling pretty good about the market,” added Smoke.

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Latest Data Shows Continued Increase in EV Collision Claims

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“2023 was a record year for electric vehicles,” said Ryan Mandell, Mitchell’s director of claims performance. This represents a year-over-year decrease of 5% for EVs and an increase of 3% for ICE vehicles. Material Construction: EVs tend to be heavier than ICE automobiles due to the battery weight.

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

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On the other hand, independent dealers scored the current used-vehicle market at 38 – an improvement from last year and last quarter – but still indicating that a majority of independent dealers perceive the used-vehicle market as weak. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index.

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Dealers’ Optimism on Rise, says Cox Q4 2024 Dealer Sentiment Index

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automobile dealers. Franchised dealers, who sell both new and used automobiles, are more optimistic than used-only independent dealers, with an index score of 50. automobile dealers still see the economy as weak, a sentiment that has been consistent for the past two years due to elevated inflation and high auto loan rates.

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High Interest Rates, Slow Economy Repress U.S. Auto Dealer Sentiment

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The used-vehicle sales environment, conversely, continues to be viewed as poor by most automobile dealers in the U.S. In Q3, the used-vehicle sales environment index score increased to 44, up from 42 but still below the 47 recorded a year ago. Download the full results of the Q3 2023 Cox Automotive Dealer Sentiment Index.

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U.S. Auto Dealer Sentiment Improves in Q1, Market View Remains Weak

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The market outlook index, which queries dealers about expectations for the vehicle market three months from now, typically enjoys a ‘spring bounce’ as automobile dealers look to the spring selling season. Vehicle Sales Environment Improves from Q4 But Remains Below Year-Ago Levels According to U.S. The post U.S.