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Tag Archives: Charlie Chesbrough
US Auto Sales Forecast Trump Bump or Bumpy 25?
The experts at Cox Automotive said today that the U.S. Automotive forecast for 2025 is likely positive with what they termed the Goldilocks economy – not too hot nor too cold but just right.
“Instead of a slowing economy, we have a stabilizing economy and most importantly, a stabilizing labor market,” said the estimable Jonathon Smoke Cox, Automotive chief economist. “We can stop fretting about a soft landing and acknowledge we’ve navigated restrictive rates, slowing job growth and increasing unemployment. But as we end 2024, momentum is back on our side. And the labor market is expected to remain at full employment,” said Smoke. Continue reading
Posted in auto news, car sharing, connected vehicles, economy, electric vehicles, manufacturing, marketing, news analysis, sales, shows and events
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Charlie Chesbrough, Jonathon Smoke, Ken Zino, Stephanie Valdez Streaty, X @KenAutoinformed
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U.S. November New Vehicle Sales – 16M SAAR
The election has sparked much speculation about the potential effects of a new Trump mis-administration on the auto market, particularly concerning electric vehicles and emissions standards given the general economic incompetence of Trump ‘s first term that destroyed the economy and jobs, as well as abandoning valuable global alliances and scoffing at climate change as a “Chinese Hoax,” AutoInformed observes. Continue reading
Auto Industry Continues to Rebound from Pandemic Lows
Cox Automotive* experts on a media call today said U.S. new-vehicle sales in Q1 will increase 5.6% year-over -year (YoY) and reach 3.8 million units. The YoY increase in Q1 sales implies that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022. AutoInformed notes that the Biden Administration recovery continues despite the Federal Reserve’s efforts to harm the economy by keeping interest rates unduly high. Continue reading
Posted in auto news, economy, electric vehicles, manufacturing, marketing, news analysis
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Biden Administration economic recovery, Charlie Chesbrough, Cox Automotive, Jonathan Smoke, Ken Zino, Stephanie Valdez Streaty
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U.S. November New Vehicle Sales Forecast Down
November’s new-vehicle sales, when posted next week, are expected to fall in both volume and pace from last year’s levels. The November new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), is forecast today by Cox Automotive to reach 15.7 million. This is up slightly from October’s 15.3 million pace, but significantly down from last year’s 16.5 million level. Through October, the monthly SAAR has averaged 16.2 million.*
“The new-vehicle sales pace had been expected to slow in the fourth quarter, and that’s what we are seeing,” said Cox Automotive Senior Economist Charlie Chesbrough. “The headwinds from higher prices and fewer government subsidies for electric vehicles are finally slowing the market after a surprisingly strong previous six months. Continue reading →