Cox Automotive Inc.
4 min read
Auto Market Weekly Summary 04/28/2025 Key Highlights: Total home sales declined in March and were down year over year; existing homes decreased, while new home sales increased. The labor market showed mixed trends in jobless claims, with some improvements despite recent disruptions. Consumer sentiment measures show declining confidence and concerns about inflation and buying conditions. Existing Home Sales Existing home sales saw a significant decline in March, reaching levels comparable to… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 04/21/2025 Key Highlights: Retail sales in March experienced the strongest monthly growth in two years, with the auto sector outperforming the rest of the retail market. Sales of motor vehicles and parts jumped 5.3%, driven by consumers purchasing ahead of new tariffs on imports. The unemployment claims data do not point to significant job losses so far in April. Retail Sales Surge in March Retail sales saw… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 04/14/2025 Key Highlights The Consumer Price Index (CPI) fell in March relative to February as year-over-year inflation declined to 2.4% and core inflation declined to 2.8% year over year. Auto loan performance improved in March as severe delinquencies and defaults declined. Consumers’ views of buying conditions for vehicles declined to the lowest level since September 2022 as views of prices deteriorated, but views of interest rates improved.… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 04/07/2025 Key Highlights Employment at auto dealers increased by 3,800 jobs, leaving employment down 13,500 or 1.0% below the February 2020 level. New light-vehicle sales were up 10.7% year over year in March, driven by retail sales and urgency to get ahead of pending tariff-driven price hikes. The average transaction price of a new vehicle in March declined 0.4% from February, with an initial estimate of $47,448.… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Auto Market Weekly Summary 03/31/2025 Key Highlights The auto industry is facing imminent tariffs on all imports, signaling significant changes ahead. Fourth quarter GDP growth was revised higher to 2.4%, but inflation trends remain a concern. Consumer confidence and sentiment have declined, with vehicle purchase plans at their lowest in two years. We are ending March like we did February, with tariffs on autos just around the corner, but this time,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
2 min read
Auto Market Weekly Summary 03/24/2025 Key Highlights Retail sales in February showed weaker-than-expected growth, with a 0.2% increase following a 1.2% decline in January. The auto sector underperformed, with sales of motor vehicles and parts both down. Residential construction trends were mixed, with permits declining but starts jumping due to recovery from winter weather disruptions. Retail Sales Performance Retail sales registered weak growth in February, with seven of 12 categories down,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 03/17/2025 Key Highlights In February, year-over-year inflation and core inflation decreased. Consumer credit, excluding mortgages, experienced slower growth in January. Access to auto credit improved modestly in February, but channel and lender trends were mixed, according to the Dealertrack Credit Availability Index. Inflation Trends Inflation decelerated in February, with headline inflation declining to 2.8% year over year and core inflation declining to 3.1% year over year. According… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 03/10/2025 Key Highlights The employment report for February included mixed trends but generally reflected stable conditions. New light-vehicle sales were down 0.7% year over year in February with one fewer selling day. The used-vehicle market saw gains in February, but wholesale used prices declined on a seasonally adjusted basis. Employment Trends Job growth accelerated in February and came in close to expectations, but the unemployment rate increased,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Auto Market Weekly Summary 03/03/2025 Key Highlights The second fourth-quarter estimate kept real GDP growth at 2.3%, a deceleration from the 3.1% rate in the prior quarter. January saw a decline in consumer spending, which was below expectations, and spending on motor vehicles and parts fell 5.2%. Consumer confidence declined in February, with plans to purchase a vehicle declining to the lowest level since last February, when they were slightly lower.… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 02/24/2025 Key Highlights New-vehicle sales are expected to rebound in February, with a seasonally adjusted annual rate (SAAR) of 16.3 million, up from last year’s 15.7 million. Residential construction trends were mixed in January, with steady permits but a decline in starts due to winter weather disruptions. Consumer sentiment deteriorated further in February, with significant declines in views of current conditions and future expectations. New-Vehicle Sales Forecast… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends