Cox Automotive's recent market summary shows some mixed sentiments in consumers.
While consumer spending rose in March, auto sector sales specifically declined by 0.7%. Despite broader economic signs of stability, such as steady jobless claims, the auto market's dip contrasts with gains in other retail sectors and a robust increase in e-commerce sales.
The retail growth and stable labor market may provide some positive momentum, but the specific downturn in auto sales presents a challenge for dealers.
Check out the rest of the data here.