Automotive Dealer's Weekly Update 8-4-2023
The Automotive Advisor Team
Economy:
Consumer sentiment is up to 91.4%, the highest it has been since December 2021. Jobs are up, wages are up and inflation is softening to 2.4% and is expected to reach 2% in August. Spending is up in most categories except department stores, gas stations, repair shops, and sporting goods. Another good week of indicators for our economy and our retail business.
