Automotive Dealer's Weekly Market Update 11-10-2023
The Automotive Advisor Team
Economic Update: Source
Consumer sentiment dropped again last week seen below. Morning Consult’s report shows that interest rates and higher gasoline prices drive that trend. Even with job growth slowing we still have a tighter job market than we’ve seen historically. With wage growth outpacing inflation since April of this year, there’s still momentum in the market to keep the economy moving forward.
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