The fourth-quarter real GDP was revised upwards to a 3.4% annualized gain, an increase from the 3.2% second estimate. Personal consumption was revised up to 3.3% from 3.0%. In February, income growth decelerated to a 0.3% gain, a decrease from 1.0% in January, which was driven by large increases in Social Security and Medicare payments. … Continued
Below is a replay of the Q1 2024 Cox Automotive Industry Insights and Sales Forecast call, which was held on Thursday, March 28. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an overview of the U.S. automotive industry through the first quarter, revisited Cox Automotive’s Forecast: 2024, the major themes that are … Continued
Reliable data and smart insights are crucial for navigating the ever-changing market conditions of the dynamic auto industry. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, the Cox Automotive Economic and Industry Insights team collects, analyzes and shares the best information possible. The 2024 CAMIO The Cox Automotive … Continued
Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Cox Automotive Industry Insights webcast on January 8. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as market changes … Continued
The Q1 2024 Cox Automotive Industry Insights and Sales Forecast call will be hosted today, March 28, at 11 a.m. EDT. Register to receive call information. The presentation is available now. Join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for a 60-minute event that will provide an update on the … Continued
Join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for Cox Automotive Industry Insights and Sales Forecast Call. Thursday, March 28 11 a.m. EDT This 60-minute session will provide a comprehensive update on the U.S. automotive industry through the first quarter, covering the new, used, and wholesale markets, … Continued
New construction rebounded in February following weather disruptions in January. Existing home sales also jumped in February but remain down from a year ago. Existing home supply remains very tight but is up slightly from last year. Jobless claims remain limited and reflect no significant stress on the labor market. The Federal Reserve left interest … Continued
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of economic and industry insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the midmonth Manheim Used Vehicle … Continued
According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. decreased in February compared to January, while revenue increased slightly. In a historically challenging month for service departments, both the Repair Order Volume Index and the Repair Order Revenue Index improved year over year. The monthly … Continued
The Fed left interest rates and overall monetary policy unchanged today. We have now had five straight meetings with no change in rate policy. The Fed is effectively on cruise control, leaving rate policy restrictive and continuing to sell off assets on the balance sheet until “…inflation is moving sustainably toward 2 percent.” Their rate … Continued