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.

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Week #43 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 01/20/2021 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

Auto Market Weekly Summary 01/19/2021 We are now seeing a downward trend in new daily COVID-19 cases. The pandemic risk remains at the highest level for much of the country, but conditions should improve in coming weeks. The trailing data on jobless claims is tracking the rising COVID-19 case trend. Job losses for the week ending Jan. 9 were the highest since August. A consistent job recovery is not likely to… Read Article

Market Insights Smoke on Cars Economy & Trends

Week #42 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 01/12/2021 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

Auto Market Weekly Summary 01/11/2021 Last week saw continued growth in COVID-19 cases. We are likely to hit new records and an eventual peak in daily cases in the next seven to 10 days. The rise in COVID-19 cases in December resulted in job losses for the month, mostly in the service sector. More job losses are expected until we get past the peak in cases. A consistent job recovery is… Read Article

Market Insights Smoke on Cars Economy & Trends

Week #41 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 01/05/2021 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

Auto Market Weekly Summary 01/04/2021 The last two weeks of December provided several key data points for November that revealed declining momentum in the economy. The holiday weeks also provided updated readings on consumer sentiment and confidence that did not indicate improving trends in the final month of the year. However, the weekly jobless claims data provided some encouragement, albeit likely temporary and influenced by the holidays. Consumer spending dips: Consumer… Read Article

Market Insights Smoke on Cars Economy & Trends

Week #40 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 12/22/2020 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

Auto Market Weekly Summary 12/21/2020 Last week, we saw continued growth in COVID-19 cases but at a slowing pace. Record cases and new restrictions are causing a continued uptick in new jobless claims. Consumer sentiment improved modestly last week, building upon improvement that came as vaccine news seems to be helping lift consumer spirits. Retail sales declined in November with the rise in cases and the decline in sentiment we saw… Read Article

Market Insights Smoke on Cars Economy & Trends

The Fed Will Keep Rates Low, But That Alone Won’t Sell Cars 12/16/2020 Little new information emerged from the Fed today as they issued their official statement following their December and final meeting of the year. In fact, the only change in the official statement was more specific details about their program of buying Treasury bonds and mortgage-backed securities. There was no change in their language describing the economy or their assessment of monetary policy. Forecast details affirmed the… Read Article

Market Insights Smoke on Cars Economy & Trends

Week #39 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 12/15/2020 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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