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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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Depreciation proved normal for the early part of the year last week.
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Wholesale market is stabilizing, based on last week's activity.
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Forecast predicts consumer spending will hit a record for January.
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Auction inventory increased last week, conversion rates were high, and depreciation slowed.
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Electric models, though, made headway last year in the rankings.
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Wholesale auction activity revived last week after the holiday slowdown.
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Cox forecasts they’ll do as well this year despite expected obstacles.
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2024 saw shift in consumer preferences toward individuality, desire for stability.
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Small 2024 shift shows they may have stopped declining from pandemic-era inflation.
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