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Tag Archives: Jonathon Smoke
Strength in August Auto Retail Market but…
In the Cox Auto Market Report published this morning, Chief Economist Jonathan Smoke noted that first half of August saw massive volatility in the stock market, but halfway through the month there is strength in the retail sale vehicle market.”
“Keep your seatbelts buckled as the election, geopolitics and the Fed are all likely to create more volatility over the next several weeks,” Smoke cautioned. Continue reading
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 →