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

Auto Market Weekly Summary 05/10/2021 The trend in new daily COVID-19 cases declined again last week, but the vaccination pace slowed as well. In terms of the economy, the jobs recovery lost momentum, but vehicle sales soared. The vehicle market improved upon March’s incredible performance with even tighter supply. New and used retail sales beat the April 2019 performance. Used-vehicle values jumped 8.3% in April and are up 54.3% against the… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: May 4 05/04/2021 After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead 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 05/03/2021 The declining trend in new daily COVID-19 cases accelerated this week, but the vaccination pace also slowed. Consumer sentiment improved, and all measures of consumer confidence saw strong gains in April. Economic activity is continuing to pick up. First-quarter GDP growth accelerated, and spending grew strongly in March to end the quarter, supported by stimulus and a jump in income. Economic growth accelerates: The first estimate of… Read Article

Market Insights Smoke on Cars Economy & Trends

3 min read

The Fed Remains Steadfastly Accommodative, and Some Auto Loan Rates Are Lower 04/28/2021 U.S. monetary policy was unchanged today as the Fed issued their official statement following their third meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “Amid progress on vaccinations and strong policy support, indicators of economic activity and employment have strengthened… Inflation has risen, largely reflecting transitory factors.” Risks to the outlook remain, but in the craft of… Read Article

Market Insights Smoke on Cars Economy & Trends

4 min read

Auto Market Weekly Summary 04/26/2021 The trend in new daily COVID-19 cases declined last week, but the pause in the administration of the Johnson & Johnson vaccine continued, causing the vaccination pace to slow. Late Friday, the pause was lifted, and Johnson & Johnson vaccines began being administered over the weekend. Consumer sentiment lost more ground, but economic activity is continuing to pick up. New jobless claims fell again to their… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: April 20 04/20/2021 After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead 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 04/19/2021 The trend in new daily COVID-19 cases resumed increasing last week after stalling the week before. The FDA paused the administration of the Johnson & Johnson vaccine, but the vaccination pace still increased. Rising cases and negative news about vaccines helped take the wind out of the upward trend in consumer sentiment. Even so, economic activity is continuing to pick up, and new jobless claims tumbled… Read Article

Market Insights Smoke on Cars Economy & Trends

4 min read

Auto Market Weekly Summary 04/12/2021 The trend in new daily COVID-19 cases stopped increasing this week after two weeks of growth. Improving conditions are leading to rollbacks of restrictions, and economic activity is picking up. However, the jobless claims data last week were again mixed. New York and California, states that have not yet rolled back restrictions like other states, drove the latest small increase in jobless claims. March saw a… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: April 6 04/06/2021 After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead 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 04/05/2021 The trend in new daily COVID-19 cases continued to increase as new variants spread. Vaccination progress accelerated, and we passed a critical milestone of more than 100 million Americans having received at least one shot of a vaccine. The severe winter storms in February caused pending home sales to fall, just like we saw in new home sales, vehicle sales, and retail sales. But new-vehicle sales… Read Article

Market Insights Smoke on Cars Economy & Trends

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