- The government shutdown, concerns about tax refunds and auto tariffs, and record cold weather across much of the country all influenced U.S. auto dealer sentiment in the latest Cox Automotive survey.
- Views of the future for all auto dealers – franchises and independents – improved significantly over last quarter.
- The 2018 tax reform may be playing a role in regional variation in dealers’ views of the market.
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak”. The survey also asks dealers to rate new-car sales and used-car sales separately along with a variety of key drivers including consumer traffic. Responses are used to calculate an index where any number over 50 indicates that more dealers view conditions as strong rather than weak.
To see the highlights from the Cox Automotive Dealer Sentiment Index for first quarter 2019, download the full report below.
To read the press release: https://www.coxautoinc.com/news/u-s-auto-dealers-enter-spring-with-new-optimism-despite-slowing-sales
If you are interested in speaking with Cox Automotive Chief Economist Jonathan Smoke or need additional study details, contact Mark Schirmer, director, public relations, Cox Automotive, at firstname.lastname@example.org or 734 883 6346.
Cox Automotive Dealer Sentiment Index – First Quarter 2019
Read the full findings of the Q1 2019 Cox Automotive Dealer Sentiment Index quarterly survey.Download