The U.S. automotive industry experienced significant changes in 2023, including an 11.6% increase in new car sales, with the Automotive MMI rising by 3.33%, and analysts predicting a return to market normalcy in 2024.
Automotive experts say Canada will see a "return to normalcy" when it comes to the market in terms of sales and inventory, but don't expect prices to drop drastically just yet.
Tesla is recalling more than 2 million cars across its model lineup, nearly all of the vehicles it sold in the U.S., to address a malfunctioning system.
The sharp run up in Tata Motors’s shares suggests investors are broadly factoring in the near-term outlook. Even as FY24 is likely to be a strong one for JLR, the next fiscal year could see the momentum break as potential demand problems surface even though it is a luxury brand.