Automotive Dealer's Weekly Update 9-8-2023
https://theautomotiveadvisorteam.com/
Economic Update: Source
The second-quarter real GDP increase was revised down to a 2.1% annualized increase from the 2.4% originally estimated. Despite low levels of lost pay, workers are still feeling a little uneasy, with high-income workers especially likely to say they expect employment income losses in the coming weeks.
Economic growth still gained; consumer spending accelerated.
August job growth surpassed expectations: prior numbers were revised down.
Vehicle buying plans declined from June but were up year-to-year.
Workers 25-54 held steady on the employment-to-population ratio above both the pre-pandemic levels
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John Ellis
Founder and CEO
The Automotive Advisor Team, Parent of:
BEVEverything.com
Double E Automotive Consulting, Inc.
www.theautomtoiveadvisorteam.com
john@theautomotiveadvisorteam.com