Cox Automotive Auto Market Report
In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
COX AUTOMOTIVE – In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.
With limited supply and very low incentives, consumers have little sense of urgency to buy. So far there is yet to be evidence that tax refund season is driving more used-vehicle sales; however, with deposits being made, he expects that to be right around the corner.