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December U.S. Auto Sales Start Strong
The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) released today shows growing optimism among U.S. auto dealers. Despite current weak market conditions, the post-election survey indicates increasing dealer confidence. The final Auto Market Report video of the year, noted that after a very strong November, December appears to be off to a strong start.
“We saw a surge in the outlook, technically the largest surge we have had quarterly in the history of the data,” said Cox Automotive Chief Economist Jonathan Smoke. “It is the best fourth quarter since 2021, which was the most profitable quarter in dealer history.” Continue reading →