The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.
Ford reports fourth-quarter and full-year 2021 financial results after the stock market closes on Thursday, Feb. 3. Analysts speculate that Ford may surprise again with better-than-expected results. Every unit of Ford, from Ford Credit to international operations to North America, likely registered improvement to close out 2021. Ford, in fact, raised its guidance for the … Continued
Economic growth recovered in the fourth quarter, as real GDP growth accelerated to 6.9%, which was the strongest reading for the year. The increase was assisted by large gains in inventories as the worst of the supply chain problems likely was at the end of the third quarter of 2021. However, consumer spending growth ended … Continued
General Motors reports fourth-quarter and full-year 2021 financial results after the stock market closes on Tuesday, Feb. 1, and is expected to post solid results. The headline news for the year was that GM was outsold by Toyota, in the fourth quarter and for the full year. GM vastly underperformed the U.S. market in sales … Continued
For 12 years, the annual Car Buyer Journey Study, conducted by Cox Automotive, has analyzed new and used car buyer survey data to track trends in car shopping behavior over time. In 2021, we found that inventory disruptions have impacted many facets of the new car buying journey. Here’s what our latest study shows. The chip shortage … Continued
The Fed is moving to tighten U.S. monetary policy in 2022. At its first Fed meeting of the year, the Fed announced that it will soon be appropriate to raise the target rate for the Federal Funds Rate. The Fed’s language was an indication that rate increases could begin in March, which is when the next … Continued
New-vehicles sales in 2021 increased less than 4% compared to 2020, but sales of electrified vehicles continue to surge. In all, nearly 1.5 million electrified vehicles – the combined total of EVs, hybrids and plug-in hybrids – were sold in the U.S. last year. In the fourth quarter, sales of pure battery-electric vehicles jumped 72% … Continued
COVID-19 cases, driven by the omicron variant, surged to record levels in January but peaked last week and started to decline. COVID-19, inflation, wintery weather and stock market volatility have weighed on consumer sentiment, but it too began to improve by the end of last week. New jobless claims increased again due to omicron. New … Continued
Our Kelley Blue Book team has finished their final tally of 2021 auto sales in the U.S. market. Total volume by the Kelley Blue Book count came in at 15,061,885, a solid year by historical standards. But it was far from an easy 15 million. Demand was there, and sales volumes in March, April and … Continued
Revised, Feb. 17, 2022 – Used-vehicle inventory rose in December with the days’ supply hitting 51 for the first time since January 2021, and the average listing price exceeding $28,000 for the first time ever, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.38M Total UnsoldUsed Vehiclesas of December 27 51 Days’ … Continued