Cox Automotive Auto Market Report February 2024

This document is an Auto Market Report for February 2024, detailing various trends and data points related to consumer spending, sentiment, retail sales, auto loan rates, and supply dynamics in the automotive market. It outlines that consumer spending growth remained stable at the start of 2024, with total spending showing positive momentum in the fall but fading towards the end of the year. The report notes fluctuations in consumer sentiment, with a slight decline in January but an increase in February. Additionally, it presents retail sales estimates indicating a rise in new and used sales year-over-year. The report also highlights that average auto loan rates have increased compared to December, with specific rates for new and used vehicles. Furthermore, it describes supply trends, indicating an increase in new supply and a slight rise in used supply, while also mentioning price trends for used vehicles. Lastly, it discusses tax refund processing delays compared to the previous year.