Real GDP declined in the first quarter but mainly because of net exports and declining inventories. Consumer spending remained robust. Consumer spending in March, in fact, accelerated and even showed growth on an inflation-adjusted basis over February and last year.…
UPDATED, May 3, 2022 – While April sales are still being tallied by our teams, initial projections indicate total sales will come in near 1.2 million, down more than 20% from year-ago levels and very near our forecast released last…
A day after celebrating the launch of the all-electric F-150 Lightning, the most important new product from Ford in a lifetime according to Chairman Bill Ford, the company is scheduled to post first-quarter 2022 financial results. The numbers will be…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
General Motors posts first-quarter 2022 financial results after the stock market closes on Tuesday, April 26. The quarter was challenging, marked by supply-chain disruptions, production cuts, and low inventories. On the positive side, GM in the U.S. slashed costly incentives…
ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox…
More than a dozen automakers are introducing electrified pickup trucks – full EVs or hybrids – over the next couple of years. One of those is Ford, which will be celebrating the delivery of the electric F-150 Lightning to its…
The job market continues to be one of the strongest parts of the economy as continuing jobless claims keep falling and are far lower than they were before the pandemic began. New construction continues to be strong, with growth in…
Both service activity and service revenue increased at U.S. franchised dealerships in March, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index increased month over month in March to its highest level since July…
Automakers have announced ambitious plans to generate billions in revenue by charging car buyers extra on an annual or monthly subscription basis for some in-car features, services and upgrades. Their plans beg the question: Are customers willing to pay? The…
