UCDP Ep #56 - Navigating the 2024 Used Car Market w/ Cox Automotive's Senior Director of Economic & Industry Insights

In this episode of the Used Car Dealer Podcast, Zach interviews Jeremy Robb, Senior Director of Economic and Industry Insights at Cox Automotive. They delve into the dynamic shifts in the automotive market, focusing on the trends and challenges of 2023, the evolving landscape of used vehicle values, the critical role of data in decision-making within the industry, and 2024 predictions. 

Some of the questions asked include:

Q) What sparked your interest in the automotive industry and led to your career there?

Q) Reflecting on 2023, what were some unexpected developments in the automotive market?

Q) Could you discuss the latest trends in used vehicle values from the Manheim Market Insights?

Q) What role do you foresee for data in automotive industry decision-making, and how is Cox Automotive aiding dealers in this area?

Q) With your experience at Nissan and Cox Automotive, how do you approach forecasting in the dynamic automotive sector?

Q) How is the recent economic climate impacting auto loan defaults and repossessions?

Q) How is the focus on EV batteries and technology influencing the traditional used car market?

Q) What advice would you give to used car dealers for optimizing inventory and managing customer price expectations?

Q) Based on current trends, what are your predictions for the used car market in 2024?

Q) What advice would you offer to dealers to navigate the current economic and industry challenges in 2024?

Q) Looking ahead, what are some key developments at Cox Automotive that dealers should be excited about in 2024?

Listen to our other podcast episodes: https://www.sellyautomotive.com/podcast 

Transcribe of this podcast - https://blog.sellyautomotive.com/blog/jeremy-robb-2024