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The Automotive Advisor Team

Automotive Market Update 6-21-2024: Summer Selling Season…Hot or Not??

Summer Selling Season…Hot or Not??   Economic Source Despite remaining above the Federal Reserve’s 2% target, as reported last week, inflation showed signs of potential slowing, being slightly lower than expected.  The market reacted positively to these numbers as they suggest the Federal Reserve is making progress in controlling inflation. The Feds reiterated that its…

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“All Things Used Cars” Auto Market Update 6-6-2024

“All Things Used Cars” Auto Market Update 6-6-2024   Economic Source Personal Income Growth: Decelerated to 0.3% from 0.5% in March. Employee Compensation Growth: Slowed to 0.2% from 0.6% in March. Government Transfer Payments: Growth decelerated to 0.3% from 0.8%, with reductions in Medicaid, Social Security payments, and unemployment compensation. Personal Income: The pace slowed…

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“All Things Used Cars” Auto Market Update 5-30-2024

“All Things Used Cars” Auto Market Update”   Economic Source Consumer sentiment fell back about 10% this May following three consecutive months of very little change to its lowest reading in about five months. Year-ahead inflation expectations edged up from 3.2% last month to 3.3% this month Long-run inflation expectations held steady at 3.0% for…

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The Automotive Advisor Team

Automotive Market Update 5-31-2024: Consumer’s Concerns

Automotive Market Update 5-31-2024: Consumer’s Concerns Economic Source Consumer sentiment fell back about 10% this May following three consecutive months of very little change. This 8.1 index-point decrease is statistically significant and brings sentiment to its lowest reading in about five months. Year-ahead inflation expectations edged up from 3.2% last month to 3.3% this month,…

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The Automotive Advisor Team

Automotive Market Update 5-22-2024: Stock Market Highs and Automotive

Automotive Market Update 5-22-2024: Stock Market Highs and Automotive     Economic Automotive Outlook: Source   Overall Trends Inflation growth slowed down in April, with core CPI hitting its lowest reading since April 2021. April’s retail sales were flat, with the automotive underperforming the overall market. Residential construction was mixed in April, with multifamily starts…

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“All Things Used Cars” Auto Market Update 5-10-2024

“All Things Used Cars” Auto Market Update 5-10-2024   Economic Automotive Outlook: Source The Q1 2024 Cox Automotive Dealer Sentiment Index shows an overall increase in current market sentiment, but the profitability index dropped to nearly an all-time low. With the new-vehicle inventory index hitting an all-time high in the first quarter, most franchised dealers…

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“All Things Used Cars” Auto Market Update 5-3-2024

Economic Automotive Outlook: Source   Economic growth is expected to slow towards the end of 2024 from the combination of stubborn core inflation, higher interest rates, tighter lending standards, and increased uncertainty. Consumer spending will be squeezed as savings accumulated during the pandemic are depleted, however strong confidence will partially offset this. Experian projects CPI…

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The Automotive Advisor Team

Automotive Market Update 5-1-2024: Ending of Tax Season

Economic Automotive Outlook: Source (Interest Rate Projections) Economic growth is expected to slow towards the end of 2024 from the combination of stubborn core inflation, higher interest rates, tighter lending standards, and increased uncertainty. Consumer spending will be squeezed as savings accumulated during the pandemic are depleted, however strong confidence will partially offset this. Experian…

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“All Things Used Cars” Auto Market Update 4-26-2024

Economic Automotive Outlook: Source For the third consecutive month, median one-year-ahead inflation expectations remained unchanged at 3.0% in March. In contrast, the median three-year ahead inflation expectations increased to 2.9% from 2.7%, whereas the median five-year ahead decreased to 2.6% from 2.9%.  The implications are important for rate cuts that will impact retail demand later…

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The Automotive Advisor Team

Used Car Optimizer’s Used Inventory Market Value Analysis Tool Video Tutorial

  Vehicle value information updated weekly. See that Used Car Optimizer Program HERE. Based on a Macro Segment in the bottom graph, a Sub-Segment in the middle graph, and a Price Band selection in the top graph, you can see the market behavior for your desired inventory very quickly to make smart buying and selling decisions. How to use these weekly vehicle trends to make…

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“All Things Fixed Ops” Auto Market Update 2-19-2024

Economic Outlook: Source The Bureau of Labor Statistics showed: The median worker experienced a 5.5% increase in earnings during 2023. That falls short of the 7.1% inflation adjustment implemented by the Internal Revenue Service The IRS adjusts more than 60 tax provisions annually, including tax rate schedules for low to mid-income earners should see a slight increase in…

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“All Things Used Cars” Auto Market Update 2-9-2024

Automotive Economic Outlook: Source The unemployment rate held steady at 3.7% while the labor forc e participation rate remained at 62.5% for a second consecutive month. Hourly earnings rose almost 1% month over month, partly so total wage growth rose 4.5%, the highest since September 2023. This year, the US economy will likely experience below-trend but…

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“All Things Fixed Ops” Auto Market Update 2-4-2024

Economic Outlook: Source Personal consumption expenditures increased 0.2% on the month and was up 2.9% YOY. Including volatile food and energy costs, headline inflation also rose 0.2% for the month and held steady at 2.6% annually. Consumer spending increased 0.7%, stronger than the 0.5% estimate. Personal income growth edged lower to 0.3%, in line with the…

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“All Things Fixed Ops” Auto Market Update 1-29-2024

Economic Outlook: Source  Consumer sentiment in the U.S. has improved much more than anticipated in January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. The University of Michigan’s report also showed continued decreases…

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The Automotive Advisor Team

Automotive Market Update 1-25-24: The Countdown has started.

Economic Outlook: Source Consumer sentiment in the U.S. has improved much more than anticipated in January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index surged to 78.8 in January after jumping to 69.7 in December. The University of Michigan’s report also showed continued decreases…

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The Automotive Advisor Team

Automotive Market Update 1-12-24: Calculated Courage for Growth

Economic Outlook: Source As the Automotive Market Indicators below show, The U.S. economy will “avoid a recession and move forward with slow, constrained growth,” Smoke says. The Fed is keeping interest rates high, but lenders have begun to let them come down slowly. That, combined with “elevated-but-declining inflation,” will “combine to limit consumer spending and…

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“All Things Fixed Ops” Auto Market Update 12-18-2023

Economic Outlook: Source It’s projected that the economy will expand at a modest 1.4% next year and 1.8% in 2025. The Fed is delivering as many as six 25-basis-point rate cuts totaling 150 basis points. Interest rates have a direct effect on consumer behavior, impacting several facets of everyday life as borrowing becomes cheaper, making large…

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“All Things Used Cars” Auto Market Update 12-15-2023

Economic Outlook: Source It’s projected that the economy will expand at a modest 1.4% next year and 1.8% in 2025. Fed is delivering as many as six 25-basis-point rate cuts totaling 150 basis points. Interest rates have a direct effect on consumer behavior, impacting several facets of everyday life as used car borrowing becomes cheaper, making large…

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“All Things Fixed Ops” Auto Market Update 12-11-2023

Fixed Ops: Economic Outlook: Source Staying on next year’s interest rate outlook a little longer, things are slowing in the labor market, it’s not enough to cause a panic about unemployment. The October jobs report — with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9%   Over the past three months,…

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“All Things Used Cars” Auto Market Update 12-8-2023

All Things Used Cars: Economic Outlook: Source Staying on next year’s interest rate outlook a little longer, things are slowing in the labor market, it’s not enough to cause a panic about unemployment. The October jobs report with the economy adding just 150,000 jobs and the unemployment rate ticking up to 3.9% Over the past three months,…

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“All Things Fixed Ops” Auto Market Update 12-4-2023

Fixed Ops Economic Outlook: Source Discretionary spending is increasingly tilting toward experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders, and parents — are experiencing growing budgetary pressures. Baby boomers (60-75) tend to be the…

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“All Things Used Cars” Auto Market Update 12-1-2023

All Things Used Cars Economic Outlook: Source Discretionary spending is increasingly tilting toward experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders, and parents — are experiencing growing budgetary pressures. Baby boomers (60-75) tend to…

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The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-30-2023

Economic Outlook: Source Consumer spending increased slightly in October as price relief for certain categories helped to support purchases. Discretionary spending is increasingly tilting in favor of experiences outside the home, especially among young adults. While residual strength in the labor market continues to support household finances, certain groups — including lower earners, student debt holders,…

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“All Things Fixed Ops” Auto Market Update 11-27-2023

Economic Outlook: Consumer prices were unchanged in October, the slowest monthly growth since July 2022. The Consumer Price Index rose 3.2% over the past 12 months, Retail sales edged down 0.1% in October, pulling back slightly and ending six straight months of growth. While consumer spending continues to provide resilience to the U.S. economy, Americans hit the…

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The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-24-2023

Economic Outlook: Source   Consumer prices were unchanged in October, the slowest monthly growth since July 2022. The Consumer Price Index rose 3.2% over the past 12 months, Retail sales edged down 0.1% in October, pulling back slightly and ending six straight months of growth. While consumer spending continues to provide resilience to the U.S. economy, Americans…

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“All Things Used Cars” Auto Market Update 11-17-2003

Our Philosophy: We see the automotive operation is like our body’s circulatory systems. Your dealer operations are your heartbeat, your inventory acquisition strategy is blood flow, and your kidneys are your consultants, data-analytic tools and software that optimize that blood flow. How is your circulatory system??  If your blood flow (inventory) is restricted, even if…

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The Automotive Advisor Team

The Automotive Advisor Team Auto Market Update 11-16-2023

 Economic Update: The US Bureau of Economic Analysis (BEA) reported that consumer spending increased by 0.7% in September 2023, 0.4% in August 2023, and 0.8% in July 2023. According to a report by The Conference Board, the US economy is projected to enter a short and mild recession around the turn of the year due to falling consumer and business confidence, softening consumption…

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“All Things Used Cars” Auto Market Update 11-10-2003.

Economic Update: Consumer sentiment dropped again last week. Morning Consult’s report shows that interest rates and higher gasoline prices drive that trend. Retail Sales Trending October’s total new-light-vehicle sales were up 1.5% year over year, with one less selling day. October new vehicle sales were down 9.6% month over month. Used-vehicle retail sales in October…

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The Automotive Advisor Team

“All Things Used Cars” Auto Market Recap 10-27-2023.

Economic Update: Source The labor market tightness index reveals that the US labor market is gradually becoming less tight, despite strong job growth but it’s still tighter than any period in a half-century. People are working and earning income. More Jobs than Lookers   UAW and Ford Strike a DEAL!!! Source The United Auto Workers has…

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“All Things Used Cars” Auto Market Recap 10-20-2023.

Economic Update: The UAW’s unprecedented simultaneous strike against the Detroit Three automakers marked its 33rd day with about 34,000 workers on strike at General Motors Co., Ford Motor Co., and Stellantis. An analysis from East Lansing consulting Anderson Economic Group estimates the first four weeks have resulted in total economic losses of $7.7 billion, including…

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All Things Used Cars Auto Market Recap 10-13-23

Economic Update: Source  The United Auto Workers’ strikes came to Louisville, Kentucky, this week when the 8,700 workers at the Ford Kentucky Truck Plant held a surprise walkout. They join the 25,300 employees now on strike at other Big Three facilities across the country. Home Mortgage Refinancing –62% of mortgages are below 4%, and 24% are below Wage Growth –Wages are up…

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