Cox ‘cautiously optimistic’ about used cars in 2024

  13 May 2024

Following fears the new ICE market may slow in the second half of 2024, due to potential sales restrictions from brands eager to meet ZEV Mandate targets, there are fresh hopes used cars could take up some of the slack for retailers.

Although Cox Automotive is maintaining its baseline forecast of 7.4m used cars sales in 2024, it is “cautiously optimistic” they could reach up to 7.7m by the end of the year.

The potential for the new car sales bounce to extend into the used car arena is behind this optimism, although Insight director Philip Nothard still believes 7.4m is the most likely outcome.

The latest Cox Automotive used car forecast will be published this morning (Monday 13 May).

* This topic will be discussed in the next Auto Retail Live Business Booster on 22 May. There are more details below and you can sign up here: https://tinyurl.com/yz28rj8f

 

Start your free 14 day trial

Get free access to our Bulletin, Agenda & Profit for 14 days.

After 14 days we will auto bill your credit or debit card unless the order is cancelled.


    As an auto retail executive you need insightful and unique industry intelligence to boost your business potential. Here’s a taste of what Auto Retail Network has to offer:

    • Get informed and boost your business potential
    • More than 1,200 fellow executives have joined us
      since launch
    • Independent, carefully crafted, unique content relevant to you and your business
    • Develop a greater awareness of market trends and opportunities
    • Access to a wide range of materials whenever, wherever and however you want it
    • Significant discounts on ARN events, reports and
      other publications