We ended 2019 with mostly positive data. Home sales continue to be strong as both new home sales and pending home sales increased in November. But news starting 2020 has been less so. Wary consumers: Consumer confidence failed to see…
UPDATE, Jan. 3, 2020 — Even though December U.S. auto sales came in below forecast, it still appears we will finish near 17 million. With sales reporting day mostly in the rearview mirror, Cox Automotive industry analysts and experts share…
ATLANTA, Dec. 23, 2019 – No coal is expected in this year’s stockings as annual vehicle sales head toward another 17 million finish. Sales volume this month is likely to be just enough to lift the market above 17 million units…
Economic growth is slowing, but the consumer, responsible for 90% of this year’s growth, continues to spend, and November saw an upward trend in spending fueled by an upward trend in income growth. Inflation remains contained and well below the…
As we roll toward the end of 2019, the industry doomsayers have been quietly predicting the end of the happy days of 17-million-plus SAAR, and yet consumers continue to buy and lease cars at a rate contrary to these dire…
UPDATE, Dec. 18, 2019 – Fiat Chrysler Automobiles NV and PSA Group signed a binding agreement outlining a 50/50 merger of their businesses to create the fourth largest global automotive OEM and the third largest by revenue, according to a company statement.…
The top 10 new luxury and non-luxury retail models registered in the third quarter of this year continue to show a clear consumer focus on utility vehicles and pickup trucks. Of the top 10 luxury and top 10 non-luxury vehicles…
Tax refunds drive the demand that makes the spring season the most important season of the year for the used-vehicle market. In 2020, we expect the market to follow the same weekly pattern as the 2018 and 2019 markets. Week…
Sales of certified pre-owned (CPO) vehicles increased 15% year over year in November and were up 3% month over month compared to October. For the month, 237,467 CPO units were sold. This year CPO sales are up 4% versus 2018, growing…
While we saw progress on trade agreements, new economic data last week highlight concerns about the bedrock of the U.S. economy –the consumer. Trade agreements closer: Last week saw progress on trade uncertainty as a supplementary “protocol” was agreed to by…
