The economy is slowing and consumer confidence is weakening but the consumer keeps spending, for now, though less on vehicles since retail auto sales are declining. Economy slowing: The economy gave us a head-fake of 3.1% growth in the first…
Automotive News Weekend Drive, June 29, 2019 — Automotive News Reporters Michael Martinez and Mike Wayland are joined by Jonathan Smoke, chief economist, Cox Automotive, on Weekend Drive to discuss the first half of the year and how the market…
Auto Remarketing, June 28, 2019 — Cox Automotive chief economist Jonathan Smoke emphasized that the statement he was about to make was “not a negative thing.” Smoke and other Cox Automotive leaders were speaking to reporters and others gathered at…
Automotive News, June 28, 2019 — For just the third time in a decade, the U.S. auto industry is expected to enter the summer selling season without a monthly sales gain. Light-vehicle deliveries are predicted to decline between 1.5 and…
At the 2019 Mid-Year review held on June 26, the Cox Automotive industry insights team presented their view of the first half of the year. Watch the replay below to learn from Cox Automotive Chief Economist Jonathan Smoke, Charlie Chesbrough,…
Forbes, June 26, 2019 — Fleet sales have always been the low-profit bottom feeders for automakers looking to keep assembly plants running and padding monthly sales reports. But an analysis presented by Cox Automotive on Wednesday indicates the carp of the…
ATLANTA, June 26, 2019 – Cox Automotive is forecasting June U.S. auto sales volume to decline nearly 2.7% from last year, about 40,000 units, falling to 1.51 million. The seasonally adjusted annual rate (SAAR) is expected to drop slightly to…
In a recent survey of car shoppers visiting Kelley Blue Book’s website, free maintenance for 2 years was voted the top most-appealing offer when purchasing their next vehicle, by a wide margin. Roadside assistance and monthly car washes finished a…
The “bad news is good news” cycle continued last week as the stock market cheered the Fed acknowledging trade-related economic weakness and low inflation. The Dow Jones Industrial Index ended the week up almost 700 points. Bond yields have tumbled…
Auto Remarketing, June 21, 2019 — Tim Echols, now a commissioner on the Georgia Public Service Commission, was 11 years old and selling boiled peanuts at his family’s auto auction, then known as Bishop Brothers Auto Auction. “As I roamed this…
