CBT News’ Post

The latest Cox Automotive Inc. Dealer Sentiment Index for #Q2 2024 remained stable compared to #Q1, indicating a consistent outlook among U.S. auto dealers despite ongoing market and economic uncertainties. The Q2 current market index score of 42 suggests that most dealers perceive the market as weak, reflecting a trend observed over the past year. https://lnkd.in/eWRjF4wn

The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals that U.S. automobile dealers still see the market as weak, with independent dealers feeling the impact the most. Key factors like the economy, interest rates, and a shifting political climate continue to shape the market outlook. Read more here >> https://lnkd.in/eaK5fP32 #AutomotiveNews #EconomicTrends #AutomotiveDealerSentimentIndex

According to one of the recent surveys by Automotive News, majority of the US automotive dealers are generally positive about sales outlook for 2025.. that sentiment is a good sign reflecting continued prospects of economic growth.. Do you see new and used car volume growing in 2025 versus 2024?

Auto dealers have a better feeling about near-term market conditions than current ones. Read more about the overall sentiment in Cox Automotive's latest report: https://loom.ly/prrMxIw #sales #future #autodealersentiment

Auto dealers may not be keen on current market conditions, but they have a sunny outlook for the near term. Cox Automotive explains where they fall from various angles: https://loom.ly/prrMxIw #future #sales #automotiveoutlook

SMS Leads: Why are U.S. dealers getting more pessimistic about the market? This Cox Q3 poll gives clues: Pessimism crept into franchised car dealers' outlooks during the third quarter, according to a Cox Automotive Dealer Sentiment Index poll, which also found that interest rates and consumers' political uncertainty continue to burden dealerships. http://dlvr.it/TCvgpz www.carsbuytext.com

Vehicle affordability and potentially slimmer new-vehicle profit margins linger as top concerns for automobile dealers. However, many dealers expect their businesses to perform better in the year ahead.

■ Profit Margins for Dealerships in the U.S.! The latest The Presidio Group / NCM Associates Average Dealership Performance Benchmark reports that the average automotive dealership profit per vehicle sold continues to drift down close to pre-COVID levels. Report is available for download here: https://lnkd.in/e_HyTayu

This study shows dealership profitability stabilizing at 2-2.5% after the higher margins seen during COVID-19 and the inventory shortages. With fixed operations and used vehicle sales becoming key profit drivers, the landscape is evolving. For buy-sell opportunities, understanding these post-pandemic trends is critical for maximizing value. #DealershipMergers #AutoIndustryTrends #BuySellOpportunities

The average dealership is expected to have a 2% to 2.5% return on sales over the next 10 years, a slight drop from current levels, according to a study commissioned by the National Automobile Dealers Association (NADA). Glenn Mercer, president of Cleveland consulting firm GM Automotive, conducted the dealership profitability Back to Basics study and presented some results Jan. 25 at the NADA Show in New Orleans. Mercer estimated dealerships’ return on sales currently is 3%, lower than during the COVID-19 pandemic and microchip shortage, when it ranged from 4% to 6%, but about the same as pre-pandemic levels, he said. https://lnkd.in/gqZukKS8