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.
Login to continue reading
Or register with AM-online to keep up to date with the latest UK automotive retail industry news and insight.
The UK's leading event for motor retailers returns in 2025.
Register your interest in attending the event and be amongst the first to hear details of our event as we announce them.
Venue: NEC, Birmingham
Video: highlights from the 2024 show
Virtual tour (from Auto View Point)
REGISTER YOUR INTEREST
Author:
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.
Login to comment
Comments
No comments have been made yet.