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 was four weeks ago, and now hospitalizations are clearly declining as well. The jobs recovery is improving again, but the country still has 15.5 million on unemployment benefits. Consumer sentiment has also been slowly improving for the last two weeks. Retail sales growth slowed in July as auto … 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 was more than two weeks ago, and now it appears that hospitalizations and deaths are no longer growing either. It also appears that the jobs recovery may also be improving again, albeit at a slower pace than we enjoyed in the spring. The country now has 16.1 million … 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 in the U.S. are declining again, but the impact of higher risk and more restrictions on activity across much of the country has diminished economic activity resulting in an increase in people filing for unemployment benefits. One clear bright spot is the housing market, which is recovering strongly as demand is … Continued
Cox Automotive Executive Vice President and vAuto Founder Dale Pollak and Chief Economist Jonathan Smoke, along with special guests discuss on the latest market insights and essential steps your dealership needs to take now to prepare for the headwinds likely ahead.
As they did in June, the Fed today affirmed rate policy will remain where it is “…until it is confident that the economy has weathered recent events and is on track to achieve its maximum employment and price stability goals.” It is important to note that the Fed believes that the economy cannot recover until … 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 growth in daily new COVID-19 cases in the U.S. is leveling off, but the rise in cases this summer and increased restrictions on activity as a result has diminished economic activity resulting in an increase in people filing for unemployment benefits. Jobless claims rise: Continuing unemployment declined in the latest data, but initial claims … Continued