While the tariff story continues to evolve, the chapter written earlier this week was good news for the auto industry. Massive 25% tariffs were not implemented against goods from Canada and Mexico, at least not yet. And that is good news for everyone involved, as there is little doubt: Tariffs of 25% across North America … Continued
New Orleans was hit by a historic snowfall just as thousands of attendees were arriving for the NADA Show 2025. The rare winter storm brought the heaviest snowfall the city had seen in over 130 years, adding an extraordinary twist to one of the automotive industry’s most significant events. Despite the weather-induced travel chaos, which … Continued
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
Key Highlights Economic Growth and Consumer Spending The first estimate of fourth-quarter real GDP showed a slowing pace of growth at 2.3% from the 3.1% rate in the prior quarter, but underneath the total, consumer spending accelerated as spending on goods and services both accelerated. Personal Income and Inflation Consumer spending in December was strong … Continued
The Fed left monetary policy unchanged at the conclusion of their first meeting of 2025. This followed three consecutive meetings in the fall of last year in which they reduced the Fed Funds Rate by a full percentage point. The Fed meeting this week offered few new facts or insights about their perspectives. The latest … Continued
Key Highlights Residential Construction Trends Residential construction trends were mixed in December as permits declined and starts increased, but the underlying data suggest growth is ahead for multifamily. Existing Home Sales Existing home sales increased 2.2% in December, which was better than the 1.2% increase expected and marks the third month of increases. Inventory declined, … Continued
On Monday, Jan. 6, Cox Automotive took center stage at CES 2025 in Las Vegas with The Trusted Resource on the EV Future, a dynamic 40-minute panel discussion highlighting the latest advancements in electrification and how Cox Automotive is leading the charge in innovation and sustainability within the EV space. Moderated by Erin Keating, Executive … 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 mid-month Manheim Used Vehicle … Continued
As December 2024 wrapped up, the U.S. electric vehicle (EV) market continued to reach new milestones. December saw record-breaking EV market share for both new and used EVs, with inventory levels tightening and closing the gap between EVs and ICE+ models. While the average transaction price for new EVs edged up slightly, the average listing … Continued
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued