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US Auto Dealer optimism spikes higher post-election. Cox Automotive’s latest quarterly Dealer Sentiment Index survey polled 493 franchised dealers from Nov. 6 to 18 — starting one day after the 2024 election and a day before a Federal Reserve rate cut — on what they thought their area’s market would be like three months later. Dealers scored the future a 60 on Cox’s index, up 14 points from the fourth quarter of 2023 and up 11 points from this summer’s third-quarter polling. https://lnkd.in/gNmGi_nd

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/edWCV45j

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/edWCV45j

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/edWCV45j

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/gE7Di3-b

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/e6uA9AYZ

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/dRP_CUJz

Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Cox's latest Dealer Sentiment Index survey asked 536 franchised dealers from July 23 to Aug. 7 what they thought their area market would be like three months later. The franchised dealers gave that future market a score of 49, down from 52 a quarter earlier and 58 during the third quarter of 2023. It was only the third time in the index's seven-year history that franchised dealers' three-month outlook rating fell below 50. Read the full story: https://lnkd.in/edWCV45j

However, Auto Trader‘s shares fell as much as 6% as it gave a mixed outlook for the full year. 'Retailer forecourts are likely to remain strong and be broadly consistent with that reported in the first half. As this increase came from smaller lower yielding retailers, the growth in both the price and product levers was diluted, which we also expect to continue. Compared to our original outlook, the impact on revenue from having more retailers but with lower price and product contribution should broadly cancel each other out' https://lnkd.in/eziYjszi

Are consumers holding off on purchases at your dealership because of uncertainty about the 2024 general election, as some #cardealers have suggested? Pessimism crept into franchised dealers' outlooks during the third quarter, according to a new Cox Automotive Inc. poll, which also found that interest rates and consumers' political uncertainty continue to burden the industry. Dealers' responses during the quarter found franchised stores experiencing the kind of vehicle supply and consumer pressure to lower prices they saw before the COVID-19 pandemic. The results also suggested profitability had fallen from the highs franchised dealers felt in 2021 and 2022, when consumers had savings and pandemic stimulus money to burn and scarcer inventory to spend it on. But franchised dealers pointed to consumer election uncertainty, interest rates and the economy as the reason for their business woes rather than a return to normalcy, according to Cox. Read more on Automotive News: