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

Fed Raises Rates Again by Quarter Point and Sees More Increases Ahead 02/01/2023 The Fed raised the target for the Federal Funds Rate by a quarter percentage point today, as expected, which was the smallest increase since the first of seven increases in 2022. Last year’s increases resulted in the largest sustained one-way move in rates in Fed history. The biggest news from the Fed today was that they still deem ongoing rate increases as appropriate. In other words,… Read Article

Market Insights Smoke on Cars

5 min read

Cox Automotive Auto Market Report: January 31st 01/31/2023 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: January 30 01/30/2023 The fourth quarter saw a slowing in real economic growth, which followed a larger increase in the third quarter. Consumer spending slowed, but declining imports and inventory increases helped deliver the relatively strong number, which looked better than it really was. Consumer spending fell in December as personal income growth also slowed. Core inflation declined, but real spending growth was negative from a year ago. The… Read Article

Market Insights Smoke on Cars

5 min read

Auto Market Weekly Summary: January 23 01/23/2023 Retail sales declined more than expected in December, and adjusted for inflation, retail sales were down from a year ago. However, retail sales do not include spending on most services including travel, which appears to have remained strong in the latest credit card spending data for December. Residential construction fell in December, and with permits declining, new construction will decrease further in the months ahead. Existing… Read Article

Market Insights Smoke on Cars

5 min read

Cox Automotive Auto Market Report: January 17th 01/17/2023 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: January 13 01/17/2023 Inflation declined in December, as did used-retail vehicle sales. Auto loan performance deteriorated further, and consumer sentiment is mixed so far this month. Used-vehicle retail sales and average wholesale prices on a non-seasonally adjusted basis also fell in December, as did. Full-year 2022 saw the largest declines in used-vehicle wholesale values in Manheim Used Vehicle Value Index data history. Auto loan performance deteriorated further in December,… Read Article

Market Insights Smoke on Cars

5 min read

Auto Market Weekly Summary: January 17 01/17/2023 Inflation declined in December, as did used-retail vehicle sales. Auto loan performance deteriorated further, and consumer sentiment is mixed so far this month. Used-vehicle retail sales and average wholesale prices on a non-seasonally adjusted basis also fell in December, as did. Full-year 2022 saw the largest declines in used-vehicle wholesale values in Manheim Used Vehicle Value Index data history. Auto loan performance deteriorated further in December,… Read Article

Market Insights Smoke on Cars

1 min read

2023 Industry Insights and Sales Forecast Call Replay Available 01/13/2023 A replay of the 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Thursday, January 12, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used and wholesale vehicle markets for 2022 and the year ahead, including 2023 Cox Automotive forecasts and 2023 predictions. Download the Presentation. For more… Read Article

sales forecast Market Insights Smoke on Cars Commentary & Voices

5 min read

Auto Market Weekly Summary: January 9 01/09/2023 Job growth in December slowed, the unemployment rate fell, and wage growth decelerated. Continuing jobless claims increased from historical lows, but there is little evidence of major deterioration in the jobless claims data. Moreover, relative to the job base, jobless claims remain at historically low levels. The seasonally adjusted annual rate (SAAR) of sales for light new vehicles declined in December to 13.3 million. New-vehicle transaction… Read Article

Market Insights Smoke on Cars

5 min read

Cox Automotive Auto Market Report: January 4th 01/04/2023 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

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