Economic outlook
Cox Automotive Industry Update Report: March 2018
Wednesday March 14, 2018
Article Highlights
- ECONOMIC INDICATORS: The job market's positive momentum will drive unemployment lower and wages higher, setting the stage for stronger consumer confidence and higher consumer spending.
- DEMAND: New vehicle sales volume decreased 2% YOY and Used sales volume increased by 2% YOY.
- SUPPLY: The days’ supply for February was 73, flat YOY and down 10 days from January.
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.
