The Q2 2024 Cox Automotive Dealer Sentiment Index shows U.S. auto dealers are navigating a challenging market, shaped by economic uncertainty and a coming national election. High interest rates and the economy, particularly inflation and rising costs for dealers, followed by the political climate are top factors holding back business.
New vehicles are becoming more affordable as vehicle loan interest rates decline foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.
New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed.