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Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
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SEARCHMENUSEARCHA third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
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Signs of the nearing spring appeared in wholesale market last week.
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Consumer Reports largely favors electrified models in the recommendations.
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Survey finds little deviation in adoption once consumers make the switch.
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Subcompact cars have consistently seen high depreciation, including last week.
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Incentives drive streak as dealer profits keep falling from pandemic-era highs.
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Cox forecast foresees tepid growth and a CPO decline.
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The subcompact and midsize car segments saw large declines last week.
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Settle in a normal January decline after particularly hot December sales.
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Most buyers still close their auto purchases at the store, though online shopping is rising.
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The estimated used retail days-to-turn is now at about 44.
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