The Automotive Advisor Team Automotive Market Trends Update 1-5-2024
It's time to be Fearless.
We are not in a market for the unprepared or timid. The next few months could determine a dealer’s profitability for the entire year. Using the experience of trusted partners who have relevant insights to forecast, and pivot will ensure you take market share. Our dealers are prepared to sprint, pace, hedge, run, and then sprint again when the trends dictate those actions. If you are unsure of how or when to move through these operational phases we can help. We will review the lates Automotive Market Updates that dealers can use to start of 2024 strong.
Automotive Market Economic Outlook: Source
In 2024 the real GDP growth and the pace of job gains are expected to remain positive, and inflation is expected to decline to around 2.5% further evidencing the speculation of a soft landing.
The labor market is predicted to cool and monthly job gains are forecast to hit around the 100,000 mark after being more than double that for much of 2023.
The unemployment rate could tick up to…. READ MORE HERE.