If you've been tracking automotive trends and nationwide trends, you'll know that 2023 provided a lot of interesting and unique times, especially if you were looking to buy or lease a vehicle. At Southgate Honda, we're here to say that in 2024, we're expecting a return to some normalcy, as we'll have a wide selection of vehicles for sale and options that will benefit buyers across Michigan.
According to a forecast from Cox Automotive, we should see more inventory available, which in turn will lead to prices of new vehicles being competitive and advantageous to anyone who is looking to buy or lease. With more supply, be it new vehicles or more used cars, it's expected that this will help push prices downward and on the whole, benefit those looking to upgrade their vehicle.
As for interest rates, while it might be slow, there is an expectation that they will come down from the highs of this past year, according to Cox Automotive. This will help people with financing for a new or used vehicle.
It's all looking up for 2024, and here at Southgate Honda, we're happy to provide you with insight and details regarding all the vehicles we have here at our dealership. If you're ready to get started, contact us and we can showcase our selection of cars, trucks and SUVs with you.
