Auto Market Weekly Summary
June 27, 2022 – The job market continues to be one of the strongest parts of the economy and is showing no signs of new stress.
The jobless claims data continue to show that the labor market remains historically strong. Meantime, the housing market is suffering the most from the dramatic increase in mortgage rates. T
Consumer sentiment has declined in June, but consumers are not expecting inflation to be as high in five years as the Fed thought they were when they raised rates last week. Buying conditions for vehicles also declined to a new official low.