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US automobile dealers are grappling with a weak market outlook, as indicated by a decline in the market outlook index to 42, with rising costs impacting profitability. Despite a year-over-year increase in new and used electric vehicle (EV) sales, conventional vehicle sales are down, leaving dealers concerned about future demand. The price gap between EVs and traditional vehicles is narrowing, aided by strong incentives, suggesting a potential for increased EV adoption.
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us auto dealers face declining sales and rising costs amid ev growth
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20:34 24.10.2024
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