Economic outlook
Cox Automotive Industry Update Report: August 2018
Wednesday August 15, 2018
Article Highlights
- ECONOMIC INDICATORS: The economy grew a robust 4.1% in the second quarter and consumer spending on autos increased likely due to a sense of urgency to buy ahead of potential import taxes. The second half of the year should deliver a solid but slower 3% growth.
- DEMAND: New vehicle sales decreased 3% YOY and Used vehicle sales increased by 3% YOY.
- SUPPLY: The days’ supply for July was 65, down 3 days YOY and down 3 days from June.
The 2018 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. Download the August 2018 Cox Automotive Industry Update Report to learn more.
