From The Auto Newsroon Mid Week Edition
 |
With Election Day on the horizon, the auto market is showing resilience amid various uncertainties. In the Auto Market Report video published earlier today, Cox Automotive Chief Economist Jonathan Smoke expresses optimism about the auto market’s stability and modest growth, despite facing challenges.
The Cox Automotive U.S. auto sales forecast indicates steady new-vehicle sales for October, maintaining a consistent annual rate of 15.8 million. Despite challenges from recent weather disruptions and election-related angst, the market remains on a positive path, according to Senior Economist Charlie Chesbrough.
NEW: Cox Automotive recently introduced the EV Market Monitor to track the health of the electric vehicle (EV) market, a monthly measure of sales volume, days’ supply, and average pricing. The tool offers insights into both the new and used EV markets, featuring expertise from Stephanie Valdez Streaty, director of Industry Insights, and data analysis by Tiffani Williams, senior business intelligence analyst.
Visit the Cox Automotive Newsroom for the latest on the industry’s most important topics. Bookmark the Auto Market Snapshot, a one-stop dashboard for the data our team is tracking. Auto Market Looks Stable as Election Day Draws Closer
In the Auto Market Report published this morning, Chief Economist Jonathan Smoke is generally optimistic about the auto market and the economy.
“The auto market and the broader economy have seen stability and modest growth this year despite headwinds,” Smoke noted. “October is almost in the books and the election and hurricane season will soon be behind us, and yet we are seeing positive momentum.”
Read the Auto Market Weekly Summary and watch the Auto Market Report video for more data and insights from Smoke on new and used retail sales and inventory, auto financing, and Cox Automotive’s leading indicators.
|
|
|
