Auto Remarketing, June 28, 2019 — Cox Automotive chief economist Jonathan Smoke emphasized that the statement he was about to make was “not a negative thing.”
Smoke and other Cox Automotive leaders were speaking to reporters and others gathered at the company’s Detroit-area offices on Wednesday, discussing Cox’s 2019 Mid-Year Review and Outlook report.
“The strongest part of the market — from a retail sales perspective, it’s driving the finance growth, certainly driving the profitability of dealers, and very important to the franchise business, driving the CPO, and producing the strong vehicle values that are helping residuals and helping leasing be more attractive — is the strong used-vehicle market,” Smoke said.
