Cox economist: Auto markets should stand strong despite economic headwinds
Tuesday, Sep. 12, 2023, 04:28 PM
Andrew Friedlander, Associate Editor
Even with the looming threat of an autoworkers strike, rising interest rates and a shaky economy that might or might not be on the verge of a recession, car dealers should come out OK the rest of this year.
That’s the reassuring message sent by Cox Automotive senior economist Charlie Chesbrough in “Charlie's Real-Time Quarterly Market Update,” a webinar presented last week by the American International Automobile Dealers Association.
Experts are split on whether there will be a significant economic downturn, but, Chesbrough said ...