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

Auto Market Weekly Summary 08/02/2021 The growth trend in new daily COVID-19 cases continued last week. Consumer sentiment declined in July, but measures of consumer attitudes in July showed conflicting trends. Consumer spending improved in June even as government transfer payments declined. Inflation in June was at the highest level in more than a decade. The savings rate declined but remains elevated. New and pending home sales declined again in June,… Read Article

Market Insights Smoke on Cars Economy & Trends

4 min read

The Fed Not Yet Ready to Taper 07/28/2021 U.S. monetary policy was unchanged today as the Fed issued their official statement following their fifth meeting of 2021. Minimal changes were made in the official statement compared to the prior statement. They acknowledged progress towards the conditions necessary to eventually move away from easy monetary conditions but said they will continue to assess progress in future meetings. The Fed remains focused on achieving maximum employment… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Auto Market Weekly Summary 07/26/2021 The trend in new daily COVID-19 cases continued increasing last week. Consumer sentiment declined again and is having its worst month since November. Wholesale used vehicle values continue to decline from their peak in early June. Retail prices are likely to reach their peak this month. New construction trends in June were mixed, but declining permits indicate future declines in activity as the market deals with… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: July 20 07/20/2021 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 07/19/2021 The number of new daily COVID-19 cases continued to increase last week. New jobless claims declined to a pandemic low, but consumer sentiment declined again, losing ground so far in July. Inflation increased again in June as bottleneck-sensitive categories like used cars, car rentals and lodging saw more big gains. Used vehicles are not likely to contribute further to inflation after June as retail used vehicle… Read Article

Market Insights Smoke on Cars Economy & Trends

3 min read

Auto Market Weekly Summary 07/12/2021 New daily COVID-19 cases continued to increase last week. Used-vehicle sales slowed to a more normal pace. New jobless claims increased slightly from the prior week, but continuing claims declined. Consumer sentiment improved modestly over the last seven days but remains down so far in July. Consumers opened new credit cards and took out new loans to support the May increase in spending. Used-vehicle sales slow:… Read Article

Market Insights Smoke on Cars Economy & Trends

5 min read

Cox Automotive Auto Market Report: July 8 07/08/2021 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 07/06/2021 The new-vehicle market lost more momentum in June as the market is past the spring frenzy and is now seeing sales fall with even tighter supply and record-high prices with limited incentives. Still, June retail sales were still close to the level recorded in June 2019, so the pace is relatively strong considering the conditions. June saw an acceleration in new jobs. The headline unemployment rate ticked higher,… Read Article

Market Insights Smoke on Cars Economy & Trends

4 min read

Cox Automotive Commentary: June and First Half 2021 U.S. Auto Sales 07/01/2021 While not all automakers have finalized their sales results for the first half yet, the direction for the industry is clear: The sales frenzy that fueled the market through the spring has clearly passed. June new-vehicle sales appear to be coming in below our initial forecast, and we expect limited supply is the cause. Inventory has been tight in 2021 compared to historical levels, and the industry has… Read Article

Cox Automotive commentary Sales commentary Market Insights Smoke on Cars Commentary & Voices

1 min read

2021 Mid-Year Review Replay Available 06/29/2021 At the 2021 Mid-Year review held on June 28, the Cox Automotive Industry Insights team presented their view of the first half of the year. Led by Chief Economist Jonathan Smoke, the team provided insights and data to help quantify how the consumer, the industry and the economy performed in the first half of 2021 and reviewed our 2021 forecasts. Download the Presentation. For more information… Read Article

Mid-Year Review Market Insights Smoke on Cars Commentary & Voices

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