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Auto Market Weekly Summary

Key Highlights: GDP The decline in real GDP in the first quarter was revised to a larger 0.5% decline in the third and final estimate, but the decline was mainly an accounting technicality based on surging imports. Personal Income and Spending Consumer spending decelerated to a decline in May. Year-over-year measures of inflation, which the … Continued

Cox Automotive Auto Market Report: June 24

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

Auto Market Weekly Summary

Key Highlights: Retail Sales Retail sales in May declined more than expected, driven mainly by declining vehicle sales. Adjusting for inflation, retail sales were still higher year over year. New Construction Residential construction declined in May as permits and starts both fell. Multi-family shows more promise for near-term growth. The Fed The Fed remains on … Continued

Latest No-Rate-Change Decision Marks Start of a Long Summer of Waiting

The Fed left monetary policy unchanged today at the conclusion of its fourth scheduled Federal Open Market Committee (FOMC) meeting of 2025. This was the fourth consecutive no-change decision this year, but this meeting featured souring forecasts with lower economic growth, higher inflation, and higher unemployment. Their median expectation remains for two rate cuts in … Continued

Auto Market Weekly Summary

Key Highlights: Inflation Inflation data has yet to show much of an impact from tariffs, as the consumer price index (CPI) was softer than expected again in May. On a year-over-year basis, core CPI was steady at 2.8% while the overall CPI increased to 2.4% from 2.3% in April, which had been the lowest year-over-year … Continued

Cox Automotive Auto Market Report: June 10

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

Auto Market Weekly Summary

Key Highlights: Labor Market The employment report for May was mostly better than expected, but reflects slowing job growth as the economy adjusts to tariffs and much slower immigration. New-Vehicle Market The new-vehicle SAAR declined in May, but the retail SAAR was still stronger than the pace prior to the short-lived tariff-induced frenzy. Consumers are … Continued

Auto Market Weekly Summary

Key Highlights: GDP The decline in real GDP in the first quarter was revised down slightly in the second estimate, but the decline was mainly an accounting technicality based on surging imports. Personal Income and Spending Consumer spending growth decelerated in April following a surge in March. Year-over-year measures of inflation that the Fed follows … Continued

Cox Automotive Auto Market Report: May 27

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

Auto Market Weekly Summary

Key Highlights: Existing and New Home Sales Existing home sales declined in April to Great Recession levels. Inventory increased, but overall supply remains tight, and prices were up 1.8% year over year. New home sales increased in April, leading total home sales higher for the month, but sales were down year over year. Jobless Claims … Continued