From CNBC: 2024-12-11 13:08:04

Car dealers in the U.S. are feeling optimistic for 2025 due to President-elect Donald Trump’s return, interest rates, and automaker incentives, according to Cox Automotive. However, they are less hopeful about electric vehicle sales. Changes under a Trump administration could impact federal funding for EV promotion and tax credits. Dealer sentiment index rose in Q4, but EV sales outlook declined. Stock chart icon shows auto dealer stocks in 2024, with dealers feeling more confident about the market. Despite the positive outlook, current market index score indicates many dealers see the market as weak. Political uncertainty post-election has led to a more optimistic outlook, with potential supportive measures like tax rebates and lower interest rates. Dealer survey shows fewer dealers feel political climate is affecting their businesses. Publicly traded auto dealers like AutoNation, Lithia Motors, Sonic Automotive, and Group 1 Automotive have seen positive stock performance in 2024.



Read more at CNBC: Buoyed by Trump, U.S. dealers optimistic on everything except EV sales