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Industry

Black Book: Weekly Market Update

Black Book

Despite the week's softening conditions, the market analyst said demand for used vehicles showed in competitive bidding for newer units in better condition.

In-Vehicle AI Predicted to Spike

The report indicates a fundamental shift in automotive AI from a cloud-centric, luxury-focused implementation to a mass-market, in-vehicle edge execution. - Canva

Frost & Sullivan expects a $238 billion market opportunity for the technology in automobiles by 2030 as AI applications shift to more mass-market applications.

December Doldrums

On a six-month rolling average, consumer plans to buy new vehicles kept falling, while plans to buy used continued to increase. - Pexels/Chris F

A consumer index finds continued declines in both outlook and current conditions sentiment across nearly all demographics as big-ticket spending plans fall.