Interview with Jim Fitzpatrick
“Supply and Demand Challenges Suggest A Decline in Vehicle Sales Moving Forward” – Jonathan Smoke, Cox Automotive
Tuesday June 19, 2018
Article Highlights
- The SAAR is once again at around 17 million, however, Trumps’s tariff and the sudden hike in interest rates may have a negative impact on the second half of the year with vehicle sales.
- To help us make sense of what the future may bring for dealers across the nation, we are joined by Jonathan Smoke, Chief Economist for Cox Automotive, in the CBT News studio where he helps us break down what all these changes mean to the automotive industry.
- We have started 2018 off on a high note. From new car sales steadily staying above 17 million to used vehicle sales also growing in popularity, dealerships of all kinds have been benefiting from the consumer’s markets across the industry. But, as the saying goes, all good things come to an end and we can expect to see such happen throughout the automotive sector.
The SAAR is once again at around 17 million, however, Trumps’s tariff and the sudden hike in interest rates may have a negative impact on the second half of the year with vehicle sales. To help us make sense of what the future may bring for dealers across the nation, we are joined by Jonathan Smoke, Chief Economist for Cox Automotive, in the CBT News studio where he helps us break down what all these changes mean to the automotive industry.
We have started 2018 off on a high note. From new car sales steadily staying above 17 million to used vehicle sales also growing in popularity, dealerships of all kinds have been benefiting from the consumer’s markets across the industry. But, as the saying goes, all good things come to an end and we can expect to see such happen throughout the automotive sector.