Key Highlights Residential Construction Trends Residential construction trends were mixed in December as permits declined and starts increased, but the underlying data suggest growth is ahead for multifamily. Existing Home Sales Existing home sales increased 2.2% in December, which was…
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…
Key Highlights Inflation Trends Headline inflation, according to the CPI, accelerated to an increase of 0.4% in December, driven by rising gas prices. However, core CPI, which excludes food and energy, saw a decelerating increase of 0.2%, which was weaker…
Key Highlights Employment Trends Job growth was strong and much better than expected in December, affirming that the labor market has stabilized. Unemployment declined, but wage growth cooled modestly. New-Vehicle Sales and Prices The new-vehicle seasonally adjusted annual rate (SAAR)…
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…
Key Highlights Strong Q4 Momentum in Auto Market The auto industry continues to show resilience despite challenges in consumer confidence and purchase plans. Economic Growth and Consumer Spending The final estimate of the third-quarter real GDP showed a stronger pace…
The Fed confirmed today that they have stuck to the plan of cutting another quarter point in the Fed Funds Rate, but their outlook for additional cuts was scaled back. Rate policy is now expected to move only a half…
With the national election now fully in the rearview mirror and consumer sentiment improving, we turn our attention to the year ahead and an automotive market shifting into a higher gear. As we develop our forecast for 2025, we are…
Key Highlights Inflation and Vehicle Pricing Trends Inflation indicators signal modest increases, with vehicle prices showing varied movement across categories. Growing Consumer Credit Consumer credit excluding mortgages saw accelerating growth in October, according to the latest report from the Federal…
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…
