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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.
All
Smoke on Cars
Commentary & Voices
Data Point
Economy & Trends
CAMIO
5 min read
Week #48 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
02/23/2021
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and…
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Market Insights
Smoke on Cars
3 min read
Auto Market Weekly Summary
02/22/2021
The downward trend in new daily COVID-19 cases continues, but winter weather impacted economic activity and vehicle sales over the past two weeks though housing strengthened. Retail sales rise: Retail sales jumped in January, supported by the $600 stimulus checks issued early in the month in the $900 billion stimulus package signed into law at the end of December. Retail sales increased 5.3% in January, but…
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Market Insights
Smoke on Cars
Economy & Trends
5 min read
Week #47 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
02/16/2021
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and…
Read Article
Market Insights
Smoke on Cars
5 min read
Auto Market Weekly Summary
02/15/2021
The downward trend in new daily COVID-19 cases continues. Improving conditions are leading to rollbacks of restrictions, and economic activity and employment should improve as a result. For now, traditional jobless claims are seeing gradual declines, but pandemic assistance claims are growing, and 20.4 million people remain on some form of benefits. Joblessness remains high: Jobless claims in the headlines are showing further declines, but revisions…
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Market Insights
Smoke on Cars
Economy & Trends
5 min read
Week #46 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
02/09/2021
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and…
Read Article
Market Insights
Smoke on Cars
4 min read
Auto Market Weekly Summary
02/08/2021
The downward trend in new daily COVID-19 cases continues. Improving conditions are leading to rollbacks of restrictions. Economic activity and employment should improve as a result. Job gains small: January only saw meager gains in jobs, but the declining trend in jobless claims affirm that January likely represented the transition from the worst of the winter. The jobs recovery shifted into reverse in December as peak…
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Market Insights
Smoke on Cars
Economy & Trends
5 min read
Week #45 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
02/02/2021
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and…
Read Article
Market Insights
Smoke on Cars
4 min read
Auto Market Weekly Summary
02/01/2021
The downward trend in new daily COVID-19 cases continues, but new variants are raising concerns. The economy grew in the fourth quarter. Consumer spending slowed, savings grew, and consumer confidence improved. Economy grows: The first estimate of fourth quarter 2020 real GDP growth came in at 4.0% (annualized), less than the 4.2% expected. Based on the initial estimate for the quarter, GDP declined 3.5% for the…
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Market Insights
Smoke on Cars
Economy & Trends
3 min read
The Fed Stays Course
01/27/2021
Little new information emerged from the Fed today as they issued their official statement following their first meeting of 2021. The biggest change in the official statement was acknowledging that “… the pace of the recovery in economic activity and employment has moderated in recent months.” The Fed is clearly staying on course with its low rate policy and quantitative easing through their ongoing program of…
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Market Insights
Smoke on Cars
Economy & Trends
5 min read
Week #44 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
01/26/2021
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and…
Read Article
Market Insights
Smoke on Cars
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