Key Highlights: GDP and Spending The first estimate of GDP for the first quarter showed a decline in the economy, but it was mainly an accounting technicality based on surging imports. The data show that tariffs are having an impact, and besides surging imports, consumer spending is slowing. Consumer Spending While the GDP data showed … Continued
The automotive industry has been significantly influenced by new tariffs over the past month. During a 100-day rally in Michigan, President Trump highlighted the achievements of the tariff initiative and provided new policy clarifications, bringing some relief to automakers and parts suppliers. These tariffs have been a pivotal topic since the early days of the … Continued
As April comes to a close, the pressing question on everyone’s mind is what impact the newly implemented auto tariffs have had on the retail and wholesale auto market. Everyone in the industry has been closely watching the effects of these tariffs, and the anticipation has been significant. To get a clearer picture, we turned … Continued
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
Key Highlights: Existing Home Sales Existing home sales saw a significant decline in March, reaching levels comparable to the Great Recession. New Home Sales New home sales showed positive growth in March, with February’s sales being revised higher. Jobless Claims We have seen claims increase in recent weeks as government cuts impacted the data, but … Continued
Updated, May 2, 2025 – New-vehicle sales in April finished near 1.46 million according to initial estimates, above even Cox Automotive’s positive forecast below. Our Industry Insights team had been expecting solid sales in April, spurred on by concerns of higher prices on the horizon. As expected, though, sales in April were lower than in … Continued
Cherryville, NC – April 22, 2025 – FleetNet America, a leader in fleet maintenance and repair management, is proud to announce the launch of FleetNet EDGE: Data and Performance Insights. This transformative new product is designed to empower service providers with data-driven tools, industry-specific intelligence and performance benchmarking capabilities. FleetNet EDGE was developed in direct … Continued
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued
We have all seen the celebrations where blindfolded participants swing wildly at piñatas, breaking them open, so the treats tumble to the floor. In Washington, DC, and in some states, it seems like politicians, without blindfolds, are taking turns treating the auto industry like a piñata, until their earnings hit the floor. The Inflation Reduction … Continued
Key Highlights: Retail Sales Surge in March Retail sales saw the strongest monthly growth in two years in March with 10 of 12 categories up, and sales were up year over year on a nominal and inflation-adjusted basis. Vehicle Market Leads the Charge The vehicle market was the strongest gainer as consumers pulled demand forward … Continued
