- Jonathan discusses the used-car market including supply, demand and affordability.
- He explains the slowdown in CPO growth, how Millennials are affecting the market and what manufacturers are doing to affect this market.
- Used car prices are staying strong and Manheim Vehicle Value Index sets fifth straight record. The markets assumed supply would jump and demand would stay where it was, but demand increased and more than absorbed off-lease supply.
Joe Overby, Auto Remarketing’s editor, visited Cox Automotive to talk with chief economist Jonathan Smoke about everything used cars. During this conversation, Jonathan covers 2017 sales predictions, supply, demand, off-lease, CPO and Millennials. He also talks about the Cox Automotive Dealer Sentiment Index, which measures the current state and outlook of both franchise and independent dealers.
Plus, Jonathan explains why the auto industry is like the song “Feel It Still”, by Portugal. The Man.