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Our Chief Economist, Jonathan Smoke, joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
We continue to see new peaks in daily COVID-19 cases reported in the U.S., a trend likely to continue through most of July even assuming that new restrictions are effective in curtailing the growth in cases. The economic recovery can be seen in pending home sales in May, new vehicle sales in June, and 4.8 … Continued
Our Chief Economist, Jonathan Smoke, joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
We are once again setting records in daily new cases of COVID-19 in the U.S. Outbreaks in Sun Belt states from California to Florida and up to North Carolina are causing concern. Impacted cities and states are contemplating new stay-at-home orders to contain. We are seeing slowing momentum in the auto market in the back … Continued
At the 2020 Mid-Year review held on June 25, the Cox Automotive Industry Insights team presented their view of the first half of the year. This 90-minute webinar was kicked off by Cox Automotive President and CEO Sandy Schwartz who provided an industry overview and highlight The Way Forward, a collection of new and updated strategies to … Continued
Our Chief Economist, Jonathan Smoke, joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
The peak in daily new COVID-19 cases in the U.S. was April 24, eight weeks ago, but the trend is again increasing as many states are now seeing new outbreaks. The economic recovery can now be seen in improving retail sales, new residential construction, and recovered wholesale used vehicle values Virus cases rise: The new case trend … Continued
Our Chief Economist, Jonathan Smoke, joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
Automotive News, June 15, 2020 – Cox Automotive Chief Economist Jonathan Smoke joined Automotive News Publisher Jason Stein for a daily podcast series about the coronavirus crisis. Smoke says inventory shortages, fewer incentives, weaker demand and tightening auto loan standards could slow the industry’s sales momentum in the second half of the year. Listen to the episode.
The peak in daily new COVID-19 cases in the U.S. was seven weeks ago, but some markets are seeing new case growth because of new outbreaks and more testing. The national trend in new cases has stopped its decline recently. Some cities and states are considering re-imposing lockdowns. The economic recovery can now be seen in … Continued