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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.
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Smoke On Cars
4 min read
Auto Market Weekly Summary 11/18/2024 Key Highlights Headline inflation rose by 0.2% in October, with significant contributions from shelter and transportation costs. Retail sales in the auto sector increased by 1.6% in October, outpacing the broader market. Auto loan performance remains weak, with 60-day+ delinquencies rising for the sixth consecutive month. Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Headline inflation rose by 0.2% in October,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
5 min read
Cox Automotive Auto Market Report: Nov. 12 11/12/2024 Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading indicators from Cox Automotive’s extensive data ecosystem. Download this week’s presentation… Read Article
Auto Market Report Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 11/11/2024 Key Highlights New light-vehicle sales increased year over year in October. Average transaction prices for new vehicles rose slightly, while incentives from manufacturers saw a significant increase. Consumer sentiment improved, driven by better future expectations and slight improvements in vehicle buying conditions. New-Vehicle Sales The auto industry is experiencing a notable upswing, with new light-vehicle sales up 10.6% year over year in October. By volume, sales… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Fed Stays the Course and Cuts Additional Quarter Point 11/07/2024 The Federal Reserve stuck to the plan of cutting 25 BPs (basis points) to continue the process of moving rates away from a too-restrictive level that has contributed to lackluster retail vehicle demand of late. There is no doubt: High rates – and limited affordability – held back new-vehicle sales in 2024. It was the first year since 2019 without supply limitations and was backed by… Read Article
Market Insights Smoke on Cars Commentary & Voices Economy & Trends
2 min read
Auto Market Weekly Summary 11/04/2024 Key Highlights The first estimate of third-quarter real GDP growth showed a deceleration to 2.8% from 3.0% in the second quarter. Personal consumption accelerated to 3.7% growth from 2.8% in the previous quarter. Initial October payroll estimates indicate only 12,000 jobs were created, significantly below the expected 100,000. October new-vehicle sales are estimated to have finished just above the Cox Automotive forecast at 1.33 million and… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
5 min read
Cox Automotive Auto Market Report: Oct. 29 10/29/2024 Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading indicators from Cox Automotive’s extensive data ecosystem. Download this week’s presentation… Read Article
Auto Market Report Market Insights Smoke on Cars Economy & Trends
2 min read
Auto Market Weekly Summary 10/28/2024 Key Highlights Existing home sales declined 1.0% in September, marking the lowest level since 2010. New home sales grew more than expected, with a 4.1% monthly increase. Consumer sentiment rose by 0.6% in October, surprising analysts. Housing Market Trends The housing market displayed mixed trends in September, with existing and new home sales diverging significantly. Existing home sales dropped 1.0% in September, reaching the lowest level… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 10/21/2024 Key Highlights Retail Sales Performance: September saw a stronger-than-expected 0.4% monthly gain in consumer spending, with the auto sector underperforming the rest of the retail market. Residential Construction Trends: Both permits and starts declined in September, with the multifamily sector showing the most significant drops. Labor Market and Consumer Sentiment: Initial jobless claims declined, but continuing claims increased, indicating a deteriorating labor market. Consumer sentiment also… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
5 min read
Cox Automotive Auto Market Report: Oct. 15 10/15/2024 Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading indicators from Cox Automotive’s extensive data ecosystem. Download this week’s presentation… Read Article
Auto Market Report Market Insights Smoke on Cars Economy & Trends
3 min read
Auto Market Weekly Summary 10/14/2024 Key Highlights Inflation and Vehicle Prices: Headline inflation increased more than expected in September, with notable rises in transportation services and vehicle prices. Auto Loan Credit and Consumer Sentiment: Access to auto credit improved modestly, but overall credit access remains tighter than a year ago. Vehicle Sales and Market Trends: New-vehicle prices saw a slight increase, while used-vehicle prices declined, and wholesale vehicle values continued to… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends

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