Pessimism in Automotive Business in the firm’s Dealer Sentiment Index can be tied to threats of higher tariffs, slower traffic, and declining profitability.
The index reading came in at 49, indicating dealers expecting conditions to be weak in the future outnumber those who think conditions will be strong. “The fourth quarter represented a notable negative turn in overall dealer sentiment and their outlook for the future,” said Cox Automotive Chief Economist Jonathan Smoke.
Continue reading