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.

4 min read

The Fed Is Not Tapering Yet, But Could as Soon as November 09/22/2021 U.S. monetary policy was unchanged today as the Fed issued their official statement following their sixth meeting of 2021. The most important information coming out of this meeting was direction on future policy, namely when tapering might begin and if the schedule for possible rate liftoff is accelerating. Tapering we learned is likely coming soon, but not yet. The changes made to the official statement compared… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Auto Market Weekly Summary 09/20/2021 After declining in the first week of September, the trend in new daily COVID-19 cases resumed increasing last week. Consumer sentiment declined again, and sentiment is now down slightly in September following declines in July and August. Initial jobless claims increased last week from what had been a low for the pandemic. Inflation trends decelerated in August. Retail sales increased in August, but spending remained off… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: September 14 09/14/2021 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 09/13/2021 New daily COVID-19 cases declined last week, but the Labor Day holiday caused at least some of the decline. Jobless claims continued to decline to new lows for the pandemic, and consumer sentiment edged out a small gain for the week thus far. Used retail sales were stable in August compared to July and remain favorable compared to 2019. Wholesale prices increased in August, ending two… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Auto Market Weekly Summary 09/07/2021 The surging Delta variant of COVID-19 is having a major impact on the economy, especially on jobs. August saw a big deceleration in job creation, including zero new jobs created in Leisure & Hospitality, which had been growing fast. Pending home sales fell in July. Consumer confidence and sentiment continue to fade as COVID cases continue to climb to levels last seen in late January. And… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: August 31 08/31/2021 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 08/30/2021 The growth trend in new daily COVID-19 cases continued last week, but the pace of growth is slowing. Consumer sentiment declined again in August. Consumer spending slowed while inflation rose to its highest level in more than 30 years. The savings rate increased again as income growth outpaced spending growth. Jobless claims rose from their pandemic low. Home sales improved. Economy grows: The second estimate of… Read Article

Market Insights Smoke on Cars Economy & Trends

4 min read

Auto Market Weekly Summary 08/23/2021 The trend in new daily COVID-19 cases increased again last week, but the pace of increase slowed. Retail sales slowed, though spending remained relatively strong. Consumer sentiment declined again. Jobless claims fell. meanwhile, used-vehicle prices edged up again. Retail sales slowed: Retail sales declined more than expected from June to July, but upward revisions to prior estimates meant that July sales were relatively close to expectations.… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: August 17 08/17/2021 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 08/16/2021 New daily COVID-19 cases continued to increase last week. Jobless claims kept falling, but measures of consumer sentiment are showing declines so far in August as consumers deal with a host of issues including the fourth wave of COVID-19, diminishing unemployment benefits in half of the country and inflation. Inflation moderated: Inflation moderated in July as many transitory factors like used car prices saw much smaller… Read Article

Market Insights Smoke on Cars Economy & Trends

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