After several years of record sales, the automotive market now faces more challenges to maintain volumes, let alone grow. Jonathan Smoke, Chief Economist of Cox Automotive, will review the top economic and market trends and what to expect in the months ahead. His review will include the economic fundamentals and how trends are impacting new and used vehicle sales including prices, wholesale market supplies, auto loan rates, consumer credit access, and the challenges being reported by dealers.
1. Understand key trends impacting the automotive market