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Cox Automotive Industry Update Report: May 2019

The May 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 Job creation in April was much stronger than expected as 263,000 jobs were created when analysts were … Continued

Cox Automotive Industry Update Report: April 2019

The April 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 The Employment Report for March eased fears regarding a dramatic slowdown in the economy as 196,000 jobs … Continued

Cox Automotive Industry Update Report: March 2019

The March 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 The pace of new home sales improved in December after large downward revisions were made to October … Continued

Top Insights Shaping the Automotive Industry in 2019

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

Cox Automotive Industry Update Report: January 2019

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

A Fresh Focus on Fixed Ops Is Paying Off

Vehicle sales are now contributing less to dealership profit and fixed ops is contributing more. Today, fixed ops comprises 49% of dealership gross profit.1 The service department is also critical to retention and repeat sales. In fact, 74% of car buyers who had their vehicle serviced by the dealership of purchase said they were likely … Continued

Cox Automotive Industry Update Report: December 2018

The December 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. ECONOMIC INDICATORS Inflation in November came in as expected. The core CPI, which excludes Food and Energy, increased again … Continued

Consumers Are Getting Spooked by Auto Tariff Talk

Consumers are following several trends/current events that negatively impact their purchasing power, including rising gas prices, rising interest rates, and new proposed tariffs on imported vehicles and parts. Of those three, gas prices garner the most attention (87 percent), interest rates second (81 percent), but auto tariffs register a strong 71 percent. Consumers aren’t just … Continued

Trump Administration Fuel Economy Proposal Revealed Today

As widely expected, today in Washington D.C the Trump Administration and the EPA put forth a proposal to roll-back Obama-era fuel economy and emission standards for automobiles. The White House proposal essentially freezes fuel economy standards at 2020 levels and eliminates the stretch targets for fleet-average fuel economy in the U.S. to reach near 50 … Continued

A dubious doomsday scenario: Subprime autos won’t trigger crisis

This article was originally published in The Hill on July 20, 2018: https://thehill.com/blogs/pundits-blog/economy-budget/342969-a-dubious-doomsday-scenario-subprime-auto-lending-wont A persistent automotive doomsday thesis that continues to have favor with some in the media and on Wall Street is that subprime auto loans are booming and creating the next great financial crisis. Don’t believe it. As an economist who covered housing … Continued