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Cox Automotive Auto Market Report: May 4

After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into … Continued

Auto Market Weekly Summary

The declining trend in new daily COVID-19 cases accelerated this week, but the vaccination pace also slowed. Consumer sentiment improved, and all measures of consumer confidence saw strong gains in April. Economic activity is continuing to pick up. First-quarter GDP growth accelerated, and spending grew strongly in March to end the quarter, supported by stimulus … Continued

The Fed Remains Steadfastly Accommodative, and Some Auto Loan Rates Are Lower

U.S. monetary policy was unchanged today as the Fed issued their official statement following their third meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened… Inflation has risen, largely reflecting transitory … Continued

Auto Market Weekly Summary

The trend in new daily COVID-19 cases declined last week, but the pause in the administration of the Johnson & Johnson vaccine continued, causing the vaccination pace to slow. Late Friday, the pause was lifted, and Johnson & Johnson vaccines began being administered over the weekend. Consumer sentiment lost more ground, but economic activity is … Continued

Cox Automotive Auto Market Report: April 20

After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into … Continued

Auto Market Weekly Summary

The trend in new daily COVID-19 cases resumed increasing last week after stalling the week before. The FDA paused the administration of the Johnson & Johnson vaccine, but the vaccination pace still increased. Rising cases and negative news about vaccines helped take the wind out of the upward trend in consumer sentiment.  Even so, economic … Continued

Auto Market Weekly Summary

The trend in new daily COVID-19 cases stopped increasing this week after two weeks of growth. Improving conditions are leading to rollbacks of restrictions, and economic activity is picking up.  However, the jobless claims data last week were again mixed. New York and California, states that have not yet rolled back restrictions like other states, … Continued

Cox Automotive Auto Market Report: April 6

After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into … Continued

Auto Market Weekly Summary

The trend in new daily COVID-19 cases continued to increase as new variants spread. Vaccination progress accelerated, and we passed a critical milestone of more than 100 million Americans having received at least one shot of a vaccine.  The severe winter storms in February caused pending home sales to fall, just like we saw in … Continued

Auto Market Weekly Summary

The trend in new daily COVID-19 cases is on the rise again as new variants are spreading rapidly in many areas. Economic activity is also increasing, which is likely contributing to the virus spread but is also helping to improve employment conditions.  The severe winter storms in February caused home sales and personal spending to … Continued