While January is a tough month to judge exactly where the economy and vehicle sales will go for the full year, the month was rocky, and we do expect the year to be rocky as well. Last week’s recap: New- and used-vehicle sales were impacted by frigid temperatures in much of the country during the … Continued
Just as the federal government went back to work this week, most of the nation fell under the grip of a brutally cold polar vortex. January is often tough to judge economic trends due to weather, and this year is no exception. This year we also had to deal with the government shutdown impacting some … Continued
Used light-vehicle registrations finished at 39.4 million units in 2018, up 100,000 units from 2017. Cox Automotive expects 2019 to rack up about the same number. Interest rate increases continue to add headwinds, but economic conditions remain favorable and continued economic growth will keep demand for personal transportation strong. Strong consumer demand due to affordability challenges with new vehicles and growth in … Continued
The government shutdown limited the amount of new economic data to review. With everyone back to work, we expect to see a flood of new data to review this week. Looking ahead: With the government back up and running, we expect to obtain missed data from the last three weeks along with January consumer confidence, … Continued
Jonathan Smoke, Chief Economist at Cox Automotive discusses the economic outlook for the automotive industry into 2019. Isabelle Helms, Vice President of Research & Market Intelligence, shares findings from the Cox Automotive Service Industry study to help dealers understand how to take advantage of these trends and differentiate themselves in the marketplace. Benefit of … Continued
Now the longest in history and stretching beyond 30 days, the government shutdown is having a negative impact on consumer confidence and the economy. It also has hindered our ability to get a full read on the economy since some government-provided data is unavailable due to the shutdown. Looking ahead: We’ll watch for any sign that … Continued
The January 2019 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. ECONOMIC INDICATORS Wages and incomes continue to grow faster than prices, so consumer spending power continues to improve. However, … Continued
This week, Cox Automotive debuted the third phase of its Evolution of Mobility Study series. The first two phases explored consumer and dealer attitudes toward emerging transportation options, and painted a complete picture of the mobility landscape as it exists today. The third phase highlights the impact that broad access to new forms of mobility … Continued
The government shutdown and a major auto show are the focus of information and data gathering this week. Looking ahead: This week we’ll be monitoring news from the North American International Auto Show in Detroit and the events surrounding it. We will also review fresh data on new home construction and sales, retail sales, and … Continued
M2 TechCast, Jan. 13, 2019 — Michelle Krebs, a senior analyst with Autotrader, joins Mike Brennan on his M2 TechCast podcast to talk about the outlook for 2019 North American auto and light truck sales – down somewhat from 2018. On this episode, she also outlines some of the major issues that could impact sales, … Continued
