- ECONOMIC INDICATORS: Even with gas prices up 22% YOY, consumer sentiment remains close to a 14-year high. Demand should continue to be strong, but eventually higher rates and declining purchase power may slow down the pace of sales.
- DEMAND: New vehicle retail sales volume decreased 7% YOY and Used vehicle sales decreased by 2% YOY.
- SUPPLY: The days’ supply for April was 71, down 4 days YOY and up 3 days from March.
A monthly report leveraging 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.
Cox Automotive May 2018 Industry Update
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