Auto industry expected to be buyer's market in 2024 - NY1

Jan 8, 2024 · More than 70 new electric vehicle models will come on the market over the next two years, including 37 models in 2024 and 34 models in 2025. The auto industry is expected to …

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Cox Automotive's Forecast: 2024 - The Auto Channel

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Jan 3, 2024 · With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected …

theautochannel.com

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What US Buyers (and Investors) Can Expect From The Auto Industry …

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3 days ago · S&P Global Mobility projects US sales will hit a seasonally adjusted annual rate (SAAR) of 16.2 million units in 2025, an estimated increase of 1.2% from a projected 16.0 …

yahoo.com

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New Jersey MarketBeats | US | Cushman & Wakefield

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In New Jersey industrial market, leasing grew by 19.4% quarter-over-quarter (QOQ), totaling 8.0 million square feet (msf) and bringing the year-to-date (YTD) total to 21.2 msf by end of Q3 …

cushmanwakefield.com

FAQs about Auto industry expected to be buyer's market in 2024 - NY1 Coupon?

How will the auto industry perform in 2024?

The labor market, which significantly contributes to vehicle sales in the U.S. market, is expected to weaken. However, unemployment levels will remain low enough to support a healthy auto industry. Meanwhile, wage growth may cool in 2024 but will stay above average. ...

What will the auto market look like in 2024?

ATLANTA, Jan. 3, 2024 – For the U.S. auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto industry. ...

Will 2024 be the best year for car buyers?

Constrained economic expansion will translate to slow growth across the new, used and wholesale auto markets, but 2024 is expected to be the best year for car buyers since the pandemic. ...

How will the new-vehicle market perform in 2024?

Retail new-vehicle sales are forecast to be mostly flat in the year ahead, with fleet sales continuing to improve, although at a pace slower than 2023. In 2024, the used-vehicle market is expected to grow by less than 1%. The total number of used vehicles sold is expected to reach 36.2 million, with 19.2 million vehicles sold via retail channels. ...

Will new-vehicle sales increase in 2024?

With higher supply and lower prices, new-vehicle sales in 2024 are expected to gain over 2023, but market growth will be constrained, with an increase of less than 2% expected and the market new-vehicle market reaching sales of 15.7 million 1 sales. ...

Will auto sales rise in 2024?

Auto sales climbed to a four-year high in 2023, according to Ward Intelligence data, with analysts anticipating sales could continue to rise in 2024. CFRA analysts said the second half of 2024 could be stronger with the Fed expected to cut interest rates, which could boost consumer sentiment and sales. ...