Automotive Dealer's Weekly Update 8-18-2022
The Automotive Advisor Team
Current Automotive Economic Outlook:
We're in a bifurcated market again as total spending is up 12% year over year and almost every category, including repair shops and transportation, grew. However, consumer confidence did dip a little bit in the first week of August which tells us consumers are not sure how they feel about the next few months or the rest of this year. We'll keep an eye on that but the implications for automotive retail at this point should be minimal. Reach out to the team for a deeper dive into the economics and how that can enhance your current automotive strategy.
