As we enter the final half of 2023, we are seeing the automotive industry begin to stabilize in some ways, though it’s still quite different as compared to recent years. Recession talks have quieted as compared to the past few months but continue to be at the forefront of customers’ minds, especially as it relates to interest rates and overall vehicle affordability.
In this edition of the Automotive Trends Report, we’ll take a look at the last 18 months of data, giving you even more historical information and enabling us to compare performance metrics from the first half of 2022 to the same timeframe this year.
As always, we’re analyzing the data to help you compare trends, measure your performance against dealerships nationwide and see what’s in store for the remainder of 2023.