Auto Market Update 11-30-2023

The Automotive Advisor Team

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Economic Outlook: Source

• Consumer spending increased slightly in October as price relief for certain categories helped to support purchases.

• Discretionary spending is increasingly tilting in favor of experiences outside the home, especially among young adults.

• While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders, and parents — are experiencing growing budgetary pressures.

Retail Sales Trending Source

• U.S. new vehicle sales are expected to surge by….. READ MORE HERE.