Economic outlook
Cox Automotive Industry Update Report: November 2017
Wednesday November 15, 2017
Article Highlights
- ECONOMIC INDICATORS: The economy appears to be gaining momentum, so spending on autos should remain robust in the 4th quarter.
- DEMAND: October new sales volume fell 1% YOY and used vehicle volume increased 3% YOY.
- SUPPLY: The days’ supply for October was 70, down 3 days YOY and up 7 days from September.
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.
