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2019 Car Buyer Journey Study 06/04/2019 CONSUMERS INCREASINGLY FEEL THAT OWNING A CAR IS TOO EXPENSIVE Nearly half of consumers feel like owning or leasing a vehicle is becoming too expensive (see Diagram A).1 The percentage of vehicles costing more than $50K has, in fact, grown from 6% in 2012 to 23% in 2018. This increase in new car prices, coupled with rising interest rates, has created a bigger gap between new… Read Article

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Key Trends of 2019 – Q3 Update 11/08/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. The Economy Economic growth has been revised slightly downward from 2.6% to 2.3% GDP for 2019 and is expected to be less than 2% in 2020. Many factors are causing this slow down including… Read Article

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Cox Automotive Industry Update Report: October 2019 10/23/2019 The October 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Headline unemployment rate fell to 3.5% in September, which was last seen in December 1969. The underemployment rate, which is the broadest measure of unemployment, fell to 6.9%,… Read Article

Market Insights

Cox Automotive Industry Update Report: September 2019 09/19/2019 The September 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Job creation slowed to 130,000 when analysts had expected 160,000. The prior two monthly numbers were revised down for a net decrease of 20,000 fewer jobs than originally… Read Article

Market Insights

Cox Automotive Industry Update Report: August 2019 08/13/2019 The August 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS July saw 164,000 jobs created, which was in line with expectations. The pace of growth slowed from 193,000 jobs created in June. The prior two monthly numbers were… Read Article

Market Insights

Key Trends of 2019 – Summer Update 08/12/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides a mid-year check-up on the Key Trends predicted to have the greatest impact on the automotive industry in 2019. At the year’s halfway mark, here’s an assessment of those macroeconomic trends and their implications for the future. The Economy The economy is on track with revised expectations of 2.4% GDP growth versus the 2.6% forecast at the… Read Article

Market Insights Economy & Trends

Cox Automotive Industry Update Report: July 2019 07/17/2019 The July 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS The U.S. Employment Report for June was stronger than expected as 224,000 jobs were created when analysts had expected 162,000. The prior two monthly numbers were revised down… Read Article

Market Insights

Cox Automotive Industry Update Report: June 2019 06/18/2019 The June 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Job creation in May was much weaker than expected as job creation declined to 75,000 when analysts had expected 175,000. The prior two monthly numbers were also revised… Read Article

Market Insights Commentary & Voices Economy & Trends

10 Key Market Trends – 2019 Spring Update 05/23/2019 Jonathan Smoke, Chief Economist at Cox Automotive, provides an update on the Key Trends that, earlier in the year, were predicted to have the greatest impact on the automotive industry in 2019. VIDEO HIGHLIGHTS The Economy – Economic growth has been revised slightly downward from 2.6% to 2.4% GDP due to a softer than expected year-end 2018, plus a slow start in first quarter 2019. Despite the decelerating… Read Article

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Cox Automotive Industry Update Report: May 2019 05/14/2019 The May 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Job creation in April was much stronger than expected as 263,000 jobs were created when analysts were expecting 190,000. The prior two monthly numbers were revised up for… Read Article

Market Insights Commentary & Voices Economy & Trends

Cox Automotive Industry Update Report: April 2019 04/16/2019 The April 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS The Employment Report for March eased fears regarding a dramatic slowdown in the economy as 196,000 jobs were created when analysts had expected 177,000. Prior payroll numbers were… Read Article

Market Insights Commentary & Voices Economy & Trends

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