Stellantis, now the world’s fourth-largest auto company by sales volume, will report its first-quarter 2021 financial results Wednesday, May 5. It will be the first quarterly financial results from the company formed officially early in the quarter by the merger of Fiat Chrysler and PSA (Peugeot) Group. In the U.S., the company improved its sales … Continued
General Motors posts first-quarter 2021 financial results on Wednesday, May 5. Analysts expect strong earnings on higher revenues. They will look for GM’s take on the global computer chip shortage and its anticipated effect on GM’s sales and operations. GM did not return to pre-pandemic sales levels across the board as it was hampered by … Continued
After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into … Continued
Light vehicle sales continue on a hot streak, with April sales coming in ahead of the Cox Automotive forecast. Initial estimates are putting the seasonally adjusted average rate (SAAR) of sales well above 18 million. When the counting is finished, April 2021 might well be among the strongest months ever for U.S. auto sales. Indications … Continued
The declining trend in new daily COVID-19 cases accelerated this week, but the vaccination pace also slowed. Consumer sentiment improved, and all measures of consumer confidence saw strong gains in April. Economic activity is continuing to pick up. First-quarter GDP growth accelerated, and spending grew strongly in March to end the quarter, supported by stimulus … Continued
Cox Automotive has been reporting on the rise of used-vehicle prices for months now. Lately, a new variable has entered the mix – rapidly depleting used-vehicle inventory levels. With the current demand-supply dynamics at play, dealers may be tempted to default to moonshot pricing. However, Dale Pollak, founder of vAuto and executive vice president of … Continued
Cox Automotive is forecasting healthy auto sales in April, despite tight new-vehicle inventory limiting consumer choice. The forecast calls for sales of 1,360,000 vehicles in the month, a 90% jump from the pandemic-stricken sales volume of last year and up more than 2% from April 2019. Volume of 1.36 million will push the seasonally adjusted … Continued
U.S. monetary policy was unchanged today as the Fed issued their official statement following their third meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened… Inflation has risen, largely reflecting transitory … Continued
Ford Motor Co. will report its first-quarter 2021 earnings Wednesday, April 28, after the stock market closes. Wall Street analysts expect Ford’s results to benefit from rising vehicle sales in North America and China as well as its richer mix of SUVs and pickup trucks, pushing prices higher. Analysts will keep a close eye on … Continued
The trend in new daily COVID-19 cases declined last week, but the pause in the administration of the Johnson & Johnson vaccine continued, causing the vaccination pace to slow. Late Friday, the pause was lifted, and Johnson & Johnson vaccines began being administered over the weekend. Consumer sentiment lost more ground, but economic activity is … Continued