Market Insights and Outlook - Cox Automotive Inc.

Smoke on Cars Chief Economist Jonathan Smoke shares his insights on macroeconomic trends, business cycles, demand and the economic factors influencing the automotive industry today.

5 min read

Cox Automotive Auto Market Report: November 22 11/22/2022 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. Read Article

Market Insights Smoke on Cars

5 min read

Auto Market Weekly Summary: November 21 11/21/2022 Retail sales growth accelerated in October and was stronger than expected. Adjusted for inflation, retail sales were up slightly from a year ago. Residential construction slowed again in October, with single-family activity driving much of the decline. Existing home sales declined in October for the ninth straight month. Initial jobless claims declined in the latest week, and jobless claims overall remain very low. October Retail Sales… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Auto Market Weekly Summary: November 14 11/14/2022 Financial markets shifted to the positive last week, with weaker-than-expected inflation data pointing to an eventual end to rate increases. However, the Fed will likely raise rates by 50 basis points (BPs) in December as planned unless something more dramatic changes between now and December 14. We get November employment and Consumer Price Index (CPI) data before the next decision. The October CPI inflation report indicated… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: November 8 11/08/2022 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. Read Article

Market Insights Smoke on Cars

5 min read

Auto Market Weekly Summary: November 7 11/07/2022 The October employment report saw a modest slowing in job creation, along with a slight increase in the unemployment rate and a modest slowing in wage growth. Still, the labor market remains strong and is a key reason why the Fed believes it is too soon to pause on rate increases. The Fed increased the Federal Funds Rate by another jumbo 75 basis points (BP) last… Read Article

Market Insights Smoke on Cars Economy & Trends

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Keeping Rates Restrictive for an Extended Time Has Long-Term Implications 11/02/2022 As expected, the Fed raised the target for the Federal Funds Rate by three-quarters of a percentage point today, which was the fourth straight jumbo increase this year. The biggest news from the Fed’s move was the indication that future increases may be smaller and slower to come. The Fed has now moved the target rate by 375 basis points (BPs), the most in any year… Read Article

Market Insights Smoke on Cars Economy & Trends

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Auto Market Weekly Summary: October 31 10/31/2022 Last week featured mixed news with enough strength in the economy and consumer spending to result in more rate increases and communication of more increases to come from the Fed this week. Check back on Smoke on Cars for additional commentary after the announcement on Wednesday, November 2. The third quarter saw a strong rebound in real GDP growth to 2.6% from declines in the prior… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: October 25 10/25/2022 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. Read Article

Market Insights Smoke on Cars

4 min read

Auto Market Weekly Summary: October 24 10/24/2022 Residential construction trends in September were mixed, but single-family housing activity is clearly declining. Existing home sales fell in September for the eighth straight month. More declines can be expected as demand wanes and supply remains very limited, unlike the 2008 downturn. Initial jobless claims declined in the latest week, and jobless claims overall remain exceptionally low. Consumer sentiment dropped last week and is on track… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Auto Market Weekly Summary: October 17 10/17/2022 Financial markets had a roller coaster ride last week, ending the week lower due to stronger-than-expected inflation data and consumer sentiment data indicating rising inflation expectations. Both suggest the Fed will raise rates as much as planned in November and December and possibly more. The September Consumer Price Index (CPI) inflation report indicated headline inflation did not come down in September, and core inflation rose to… Read Article

Market Insights Smoke on Cars Economy & Trends

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