What’s Going On in the Automotive Market? A Summary
Key Points Overall, vehicle sales have had a positive uptick despite high price tags and interest rates Diminishing consumer power can potentially affect further sales this year onwards Car dealers and buyers need to be prepared for the uncertainties ahead of them There’s been a positive uptick in sales so far in 2023, and based on current estimates, it looks poised to keep going on this uptrend. In February, light vehicle sales saw an 8.5 percent increase (year-over-year), up 9.1 percent month-on-month from January; the … Read more