Moody's Talks - Inside Economics

CPI, Cars, and Credit Conditions

Apr 14, 2023

01:18:34

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Episode notes

Introduction

3min

The Consumer Price Index and Inflation

2min

The Fed's Progress on Inflation

3min

The Slowing of Inflation Growth

3min

The Trends in New and Used Vehicle Prices

2min

The Lower MSRP Means Higher New Vehicle Sales

2min

The Negative New Vehicle Prices on BLS

5min

The Importance of Supply Constrained New Vehicle Prices

4min

The Labor Side of the Argument

4min

10.

What's Going on in the Auto Market?

2min

11.

The Supply Constrained Use Car Market

5min

12.

The Positive Dynamic of the Housing Market

1min

13.

The Importance of Vehicle Demand in the Economy

5min

14.

The Demand Concerns for New Vehicle Sales

2min

15.

The Economic Outlook for the US New Vehicle Market

4min

16.

The Negative Momentum of the Fed's Tightening Credit Conditions

3min

17.

The Inflation of Credit Scores in 2019

4min

18.

The Effect of Pent Up Demand on Vehicle Sales

3min

19.

The Importance of Statistics in the Economy

4min

20.

The Increase in Repair Costs in the Used Car Industry

5min

21.

The Impact of the Pandemic on Rental Car Prices

2min

22.

The Slowdown in Inflation

6min

23.

Electric Vehicles: The Future of Mobility

2min

24.

The Future of Electric Vehicle Prices

5min

Jonathan Smoke, chief economist of Cox Automotive and colleague Mike Brisson join Mark and Cris to discuss what’s going on in the vehicle market. After a rundown on this week’s inflation stats we discuss prospects for vehicle prices, sales, production, and the implications of tighter underwriting and weaker credit quality in the auto loan market. We also take up the tough new emission standards and what they mean for EV adoption.

Full episode transcript

For more on Jonathan Smoke, click here.

Follow Mark Zandi @MarkZandi, Cris deRitis @MiddleWayEcon, and Marisa DiNatale on LinkedIn for additional insight.