Economic growth recovered in the fourth quarter, as real GDP growth accelerated to 6.9%, which was the strongest reading for the year. The increase was assisted by large gains in inventories as the worst of the supply chain problems likely…
General Motors reports fourth-quarter and full-year 2021 financial results after the stock market closes on Tuesday, Feb. 1, and is expected to post solid results. The headline news for the year was that GM was outsold by Toyota, in the…
Atlanta and London, UK (Jan. 31, 2022) – Cox Automotive has signalled its future mobility intent with the launch of a new global division – Cox Automotive Mobility – targeting emerging transport technologies. Cox Automotive Mobility will guide the growth…
For 12 years, the annual Car Buyer Journey Study, conducted by Cox Automotive, has analyzed new and used car buyer survey data to track trends in car shopping behavior over time. In 2021, we found that inventory disruptions have impacted many facets…
The Fed is moving to tighten U.S. monetary policy in 2022. At its first Fed meeting of the year, the Fed announced that it will soon be appropriate to raise the target rate for the Federal Funds Rate. The Fed’s language…
UPDATED, Feb. 3, 2022 – January new-vehicles sales came in at 998,000 according to our best estimates, just slightly below our forecast of 1.01 million, but well within our expectations for the industry. As noted in our forecast release, with…
New-vehicles sales in 2021 increased less than 4% compared to 2020, but sales of electrified vehicles continue to surge. In all, nearly 1.5 million electrified vehicles – the combined total of EVs, hybrids and plug-in hybrids – were sold in…
COVID-19 cases, driven by the omicron variant, surged to record levels in January but peaked last week and started to decline. COVID-19, inflation, wintery weather and stock market volatility have weighed on consumer sentiment, but it too began to improve…
Auto Remarketing Podcast, Jan. 21, 2022 – Cox Automotive chief economist Jonathan Smoke is back on the show to help make sense of the mixed signals that wholesale vehicle prices have shown at the start of 2022. Plus, Auto Remarketing…
Our Kelley Blue Book team has finished their final tally of 2021 auto sales in the U.S. market. Total volume by the Kelley Blue Book count came in at 15,061,885, a solid year by historical standards. But it was far…
