January 2024 Automotive Industry Insights
January marks a cold start to 2024 The start of 2024 signals a nuanced phase for the U.S. automotive industry, with January’s sales data underscoring a cautiously optimistic yet challenging landscape. Here’s a closer look: The automotive sector witnessed a modest dip with a Seasonally Adjusted Annual Rate (SAAR) of 15.0 million units, falling short of expectations and marking a decrease from December’s 15.8 million SAAR. This was well below both estimate of 15.7mm and consensus of 15.7mm. January’s performance equates to an unadjusted volume increase … Read more