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…
Highlights: A Closer Look at the Job Market The job market in July saw a significant slowdown in growth. There were 114,000 new jobs created, far short of the anticipated 175,000. This resulted in an increase in the underemployment rate,…
The Fed left interest rates and overall monetary policy unchanged today. We have now had eight straight meetings with no change in rate policy, and this level of restrictive rates has been in place for a full year. The Fed…
ATLANTA, July 30, 2024—Today’s automotive dealers know there is power in data, but they struggle to extract actionable insights from it, according to Cox Automotive’s 2024 Power of Data study. Capturing feedback and perspective from franchise dealers and their management,…
Highlights: GDP, Personal Income and Spending. The second quarter saw an encouraging upswing in real GDP growth, rising to 2.8% annualized from 1.4% in the prior quarter. This acceleration came from robust private domestic investment and government spending. On the…
Chase Abbott, vice president of Sales at Cox Automotive, joins this Car Dealership Guy Podcast episode to discuss how car buying is evolving, the future of dealership technology stacks, the #1 killer of car deals and the secret playbook to…
Update, August 2, 2024 – New-vehicle sales in July, as forecast last week, mostly rebounded from a temporary sales slowdown driven largely by a widespread dealer software outage in the second half of June. While the June sales pace has…
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…
New research released today by Cox Automotive shows that fleet owners operating both electric vehicles (EVs) and their traditional, fuel-burning counterparts have higher levels of satisfaction with their EVs. The Future of Fleets: Path to EV Adoption suggests that, compared…
Highlights Retail Sales Performance: Mixed Results June’s retail sales report revealed no growth, which was better than the expected decline. While the auto sector experienced a downturn due to software issues, there were notable gains in e-commerce and building supplies,…
