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From The Cox Auto News Room


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Welcome to From the Newsroom, a roundup of news from Cox Automotive and perspectives from its analysts and experts on topics dominating the automotive industry.

As we publish the final newsletter of 2022, we would like to thank you for reading this biweekly compilation of the best content from Cox Automotive. We look forward to bringing you even more actionable data and thought-provoking insights in 2023.

In this newsletter, we put a bow on 2022 with the last Auto Market Report of the year from Cox Automotive Chief Economist Jonathan Smoke. Check back in the Newsroom on Wednesday, Dec. 28, to see the Cox Automotive December and full-year U.S. auto sales forecast.
 
Looking into the future, the Cox Automotive Industry Insights team offers its 10 predictions for the U.S. automotive market in 2023. Plus, Brian Finkelmeyer, senior director of new-vehicle solutions at Cox Automotive, addresses the staring contest in the new car business between consumers, dealers, and automakers in his latest article: Who Will Blink First in 2023?

Kick off the new year with fresh data and insights from Cox Automotive. The first newsletter of the year will be published on Wednesday, Jan. 4. We will get off to a fast start with two events. Register to attend the quarterly Manheim Used Vehicle Value Index Call on Monday, Jan. 9, and the 2023 Cox Automotive Industry Insights and Forecast Call on Thursday, Jan. 12.
 
The Cox Automotive team wishes you a happy, peaceful holiday season and a prosperous new year. See you in 2023!

AND THE COX AUTOMOTIVE CRYSTAL BALL SAYS...

As we prepare for a new year, the Cox Automotive Industry Insights team offers its expectations for the U.S. automotive market in 2023. By nearly all measures, 2022 was a difficult year for both the industry and the consumer, marked by historically low new-vehicle inventories, high prices, and stubborn inflation chipping away at monthly budgets. A relatively strong jobs market was a tailwind, but all the while, a hawkish Federal Reserve pushed rates higher, essentially riding the brakes as the auto industry struggled to gain momentum.
 
“This past year was challenging not only to forecast but for the industry to manage,” said Cox Automotive Chief Economist Jonathan Smoke. “As we look forward into 2023, we see one set of challenges being replaced by another. We expect the year ahead to be one of transition, as both the consumer and the industry move past the remnants of a global pandemic and set a new course for mid-decade growth.”
 
Check out our 10 predictions for 2023.