Cox Automotive is restating its "optimistically realistic" outlook for the used car market in 2024, warning against assuming that first-half continue to the year-end.
The company's latest Insight Quarterly report presents a revised forecast, predicting a modest slowdown in the third and fourth quarters, driven by a combination of factors that are expected to dampen both wholesale supply and consumer demand.
Despite the anticipated deceleration, Cox Automotive's updated forecast projects a slight increase in the total number of transactions for the year.
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Aimee Turner
Deputy editor
AM deputy editor Aimée Turner has been a specialist B2B editor and journalist covering the international transportation sector for more than 20 years.
She has specialised in the significant safety, regulatory, and environmental issues that impact advanced technology businesses in the pursuit of more efficient, safer and sustainable transportation modes.
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