High Interest Rates and Slow Economy Repress U.S. Automobile Dealer Sentiment
Latest Cox Automotive Dealer Sentiment Index shows interest rates and the overall economy continue to weigh on dealers and hold back their business.
- Latest Cox Automotive Dealer Sentiment Index shows interest rates and the overall economy continue to weigh on dealers and hold back their business.
- ATLANTA, Sept. 8, 2023 /PRNewswire/ -- Overall dealer sentiment in the U.S. held mostly steady in Q3 2023 compared to Q2, as high interest rates and economic concerns weigh heavily on the U.S. auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI).
- U.S. auto dealer sentiment holds mostly steady in Q3, as high interest rates and economic concerns weigh on the market.
- "The latest index indicates that persistently high interest rates and lingering concerns about the economy and market conditions are dampening overall dealer sentiment," said Cox Automotive Chief Economist Jonathan Smoke.