Automotive Market Update 5-1-2024
Economic Automotive Outlook: Source (Interest Rate Projections) Tax season is catching up to prior years in the volume of returns and the end of the season is…
Economic Automotive Outlook: Source (Interest Rate Projections) Tax season is catching up to prior years in the volume of returns and the end of the season is…
Economic Automotive Outlook: Source The S&P Global Mobility US auto outlook for 2024 reflects sustained, but more moderate growth levels for light vehicle sales. Production levels…
Economic Outlook: Source The current automotive tax season is about 3/4 of the way through and we’re finally catching up to our 2023 refund distribution averages.…
Economic Outlook: Source As we edge closer to the tax deadline, recent data reveals an intriguing trend: the Internal Revenue Service (IRS) reported receiving 90.3 million…
Economic Outlook: Source Federal Open Market Committee noted that job gains remain strong, and unemployment remains low, while price growth remains elevated, even as it has…
Economic Outlook: Source The overall economy is stable with employment conditions and buyer confidence in the moderate range but wages and buyer ability showing signs of…
Economic Outlook: Source New and Used Retail Sales and Day Supply Trending: Source Below shows that 2024 used vehicle sales are pacing higher than 2022 in 2023…
Economic Outlook: Source New and Used Retail Sales and Day Supply Trending: Source Total new-light-vehicle sales were up 9.6% in February from a year ago, with one more…
Economic Outlook: Source The IRS said it’s issuing bigger tax refunds compared with a year earlier, signaling a potential boon for Americans who rely on their…
Economic Outlook: Source Jobless claims so far this year are not showing any substantial change in trend, reflecting limited stress in the labor market. Tax refund…
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