icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

Economic Outlook

Cox Automotive Industry Update Report: May 2017

Share

Facebook Share Twitter Tweet Linkedin Share Email Email

Article Highlights

  1. ECONOMIC INDICATORS: The economic environment remains mixed: the labor market is strong and consumer sentiment is high but retail sales and GDP remain moderate.
  2. DEMAND: New vehicle retail sales experienced a slight decrease of 0.3% in April compared to 2016, and the three categories of Fleet – Rental, Commercial & Government – reported YOY declines of 12%, 11% and 17% respectively. New vehicle retail sales experienced a slight decrease of 0.3% in April compared to 2016, and the three categories of Fleet – Rental, Commercial & Government – reported YOY declines of 12%, 11% and 17% respectively.
  3. SUPPLY: Total wholesale prices were up 1.6% YOY, with SUVs/CUVs rising 1.5% and pickups rising 7.0%, reflecting the increased consumer demand for these segments. Wholesale prices for luxury cars remained flat while compact car prices rose 0.3%. Midsize car and van prices declined by -2.8% and -0.1% respectively.

This monthly report leverages Cox Automotive’s multifaceted insight into the automotive marketplace to provide a one-page overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry.

Cox Automotive May Industry Update

Get the full May 2017 report

Download

Sign up to receive bi-weekly updates with the latest car buyer insights, automotive trends and operational best practices.