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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.
“2023 was a record year for electric vehicles,” said Ryan Mandell, Mitchell’s director of claims performance. Material Construction: EVs tend to be heavier than ICE automobiles due to the battery weight. To download the full report, visit the Mitchell website. and Canada. also surpassed 1.2
Electric Vehicle Sales Sentiment Remains Weak Sentiment about electric vehicle (EV) sales fell to a new low in Q2. Download the full results of the Q2 2024 Cox Automotive Dealer Sentiment Index. Automobile Dealer Sentiment: Dealers Remain Pessimistic, Cautious appeared first on AutoSuccessOnline. Visit coxautoinc.com.
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.
The used-vehicle sales environment, conversely, continues to be viewed as poor by most automobile dealers in the U.S. 1 issue for consumers is price, and that’s a barrier even to considering an electric vehicle. Download the full results of the Q3 2023 Cox Automotive Dealer Sentiment Index. margin of error.
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. automobile dealers. .” automobile dealers. The total metrics reported have a +/- 3.04% margin of error.
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