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
Last month, and following the established projections at the time, I posted initial thoughts on how a Biden administration, supported by a blue wave of Democratic support in both the Senate and the House, would influence the auto industry and economy in the coming years. The projected blue wave never arrived and, instead, appears to … Continued
Daily new COVID-19 cases continue an upward trend that is producing records. We saw more than 121,000 last Thursday and at this pace could see 200,000 by Thanksgiving. Hospitalizations are also at new records. The job recovery continues, but the pace is slowing. More of the remaining 10.1 million jobs lost in the pandemic are … Continued
Not much was expected from today’s Federal Reserve announcement given the yet settled outcome from the election. The key items of interest were about expectations for the economy, any new guidance on rates long term, and any new insights into their bond buying plans. Nothing new emerged from their official statement. The most significant change, … 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
Daily new COVID-19 cases continue an upward trend that is producing records. We are likely to see a new record of 100,000 daily cases soon. The third quarter saw a historic rebound in economic growth, but the economy is still in a recession with a level of decline worse than the average recession. The stock … 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
My team and I have been relentlessly following the economy and the auto industry throughout this year, providing weekly video updates and useful analysis to help shed light on what’s happening in the market. Through the ongoing pandemic, we carefully tracked the fast decline in auto sales and have been measuring the faster than expected … Continued
Daily new COVID-19 cases continue an upward trend. As the month closes, we are seeing a new record set in daily cases, hitting the milestone of 80,000 a day over the weekend. In economic news, housing construction and home sales are the bright spots. Unemployment stands at record levels. Used-vehicle sales are slowing. Housing strong: … 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