aUTO dEALERS' ECONOMIC OUTLOOK
2024
The HHM Dealership Services Group provides over 500 dealerships across the nation with highly personable service. We excel in the dealership space because many of our professionals have experience working in the industry. Because of our strong résumés, we’re able to discover small ways to get big returns for our clients.
welcome to the 2024 auto dealers' economic outlook
The biggest question going into 2024 is not if dealership profits will decline from recent levels but how far and how fast will profits decline and what is to be expected as “normal” profit margins in the near term. Over the last four years, the dealership industry has lived through a crash in demand triggered by the Pandemic lockdowns, followed by supply chain breakdowns causing inventories to plummet, resulting in profits soaring to new heights. Now that dealerships have autos back on their lots, dealers walk a tightrope between having inventory to sell yet avoiding a regression back to pre-pandemic margins.
HHM's 2024 edition of the Auto Dealers' Economic Outlook focuses on key points and topics that auto dealers must be aware of going forward into 2024 including:
- Changes in Automaker Market Share
- Does the direct-to-consumer model work?
- Gross Profit per Unit Trend
- Credit Market Conditions
- Inventory Levels
- Rethinking Electric Vehicles
- U.S. Economic Outlook
- Interest Rates
- & more.
To download the full 2024 Economic Outlook, fill out the form below.
Auto Dealers' Economic Outlook 2024
Why choose our services
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Best technology
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Premium service
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Always available
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professional team
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Our CPAs are knowledgeable in all the areas that are vital to your success.
We understand that you're working in a competitive industry with razor-thin margins, which is why we offer strategic accounting, audit, tax planning and advisory services that put you miles ahead of the other guys.
Personable
We have low staff-to-partner ratios, and our partners are personally involved in each engagement to give you experienced guidance and reliable service.
Responsive
Our CPAs always pick up the phone and quickly respond to email. We will drive across town or fly across the country if we need to.
Proactive
We anticipate obstacles to your success and will constantly look for more ways to boost your profit margins.
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