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Jonathan Smoke Discusses Q3 Auto Sales and Market Outlook for the Remainder of 2021

CBT News, Oct. 14, 2021 – We continue to hear news of record pricing across the industry, so on today’s show, we’re learning where things stand today. Host of Inside Automotive Jim Fitzpatrick is pleased to welcome Cox Automotive Chief Economist Jonathan Smoke to discuss third quarter auto sales and he’ll also give us a … Continued

Cox Automotive Auto Market Report: October 12

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.

Auto Market Weekly Summary

Job creation numbers for September were disappointing, though new jobless claims fell as did the unemployment rate – to a pandemic low – while wages grew. New-vehicle sales nosedived on low inventories, delivering the lowest seasonally adjusted annual rate (SAAR) in 16 months. The retail used vehicle market also cooled but still outperformed the new-vehicle … Continued

Auto Market Weekly Summary

The declining trend in new daily COVID-19 cases continued last week, but consumer confidence still saw declines. Consumer spending growth accelerated in August even as income growth slowed. Inflation in August, according to the Fed’s preferred measure, was at the highest level in 30 years. The new-vehicle market lost more momentum in September. Pending home … Continued

Cox Automotive Q3 2021 U.S. Auto Sales Call Replay Available

At the Cox Automotive Q3 U.S. Auto Sales Forecast call held on September 30, Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Economic and Industry Insights Manager Kayla Reynolds explained the factors that drove the auto industry in the third quarter. Additionally, Lea Malloy, head of EV Battery Solutions at Cox Automotive Mobility, … Continued

Cox Automotive Auto Market Report: September 28

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.

Auto Market Weekly Summary

The trend in new daily COVID-19 cases declined last week. Consumer sentiment has been up and down and has lost some ground so far in September. New jobless claims increased again last week. New construction trends are improving as multifamily activity expands. Existing home sales declined in August while new home sales improved. Supply remains … Continued

The Fed Is Not Tapering Yet, But Could as Soon as November

U.S. monetary policy was unchanged today as the Fed issued their official statement following their sixth meeting of 2021. The most important information coming out of this meeting was direction on future policy, namely when tapering might begin and if the schedule for possible rate liftoff is accelerating. Tapering we learned is likely coming soon, … Continued

Auto Market Weekly Summary

After declining in the first week of September, the trend in new daily COVID-19 cases resumed increasing last week. Consumer sentiment declined again, and sentiment is now down slightly in September following declines in July and August. Initial jobless claims increased last week from what had been a low for the pandemic. Inflation trends decelerated … Continued

Cox Automotive Auto Market Report: September 14

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.