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Jonathan Smoke said Tuesday he was more optimistic about prospects for the U.S. economy and healthy car sales than he can recall.
The chief economist for Cox Automotive said auto sales, which three months ago he expected to be nearly flat, have risen 2.2% from 2023. An economy that he had expected would be slowing is now “stabilizing.” Workers have seen their wages rise faster than inflation, but not so fast as to spur inflation.
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