Economic outlook
Cox Automotive Industry Update Report: January 2018
Wednesday January 17, 2018
Article Highlights
- ECONOMIC INDICATORS: Demand should begin to strengthen in March, influenced not only by tax refunds, but also by increased take-home pay resulting from tax reform.
- DEMAND: New sales volume increased 5% YOY and Used car sales increased by 4% YOY.
- SUPPLY: The days’ supply was 60, down 2 days YOY and down 9 days from November.
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.
