LOS ANGELES -- August 4, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, rose 6.4% in August. Its reading of 46.8 increased fro
When a House subcommittee ended its daylong hearing on Wednesday regarding the market dominance of Amazon (AMZN), Appl
Unemployment has risen dramatically since before the onset of the coronavirus crisis, likely reflecting the economic effects of lockdowns aimed at stemming the outbreak, according to recent trends in unemployment uncovered by the Investor’s
New vehicle demand picked up slightly in July, remaining at its second-highest level on record, as more Americans embrace personal car ownership as a safe mode of transportation amid the coronavirus, especially with the summer tra
LOS ANGELES -- July 7, 2020 -- The IBD/TIPP Economic Optimism Index, a leading national poll on consumer confidence, fell by 6.4% in July. The index’s reading of 44.0
Americans have grown more pessimistic about the U.S. economy's recovery from the coronavirus lockdown, as Covid-19 cases surged anew, the July IBD/TIPP Poll shows. The six-month economic outlook index relapsed, falling through April's Covi
Most Americans remain reluctant to fly and broadly support new coronavirus-related safety measures for air travel, according to the latest IBD TIPP Poll, but only a third believe the government should mandate policies despite federal bailouts for
The American public overwhelmingly wants funding for police to be increased or maintained, according to a new poll that shows people having strong support for first responders.
In a new survey for the National Sheriffs A
In the following article, Amanda Drane of the Houston Chronicle discusses the latest findings of TechnoMetrica’s Auto Demand Index, which showed new vehicle purchase intent rising to an all-time high in May, as more urban residents turn to cars as a socially distant way to travel amid the coronavirus outbreak. The index, our monthly measure of consumers’ intent to buy or lease a new vehicle within the next six months, climbed 44 points, or 32.4 percent, this month, to a reading of 180.0, the highest since TechnoMetrica began tracking the measure in February 2007. May marks the second straight month in which the index has reached a record high, indicating strong pent-up demand for new vehicles as a result of social distancing and stay-at-home orders aimed at halting the spread of the coronavirus. Demand picked up across nearly every demographic group this month, our survey shows. In May, 25 out of the 26 groups that TechnoMetrica tracks each month posted gains in the index over April. The Northeast displayed the largest growth in auto demand among all regions, posting a 45-point gain in the index’s three-month moving average between March 2020 and May 2020, from 110.0 to 155.0. The West was not too far behind, with an increase of 38.2 points during the same period, from 110.8 to 149.0. Residents in the South posted a 33-point gain in the three-month moving average, from 106.6 to 139.6, while the Midwest improved by 16.1 points, from 103.8 to 119.9. In terms of area type, new vehicle purchase intent increased most dramatically among urban dwellers, who displayed an 85.8-point surge in the three-month moving average between March and May, from 116.1 to 201.9. The suburbs reported a comparatively modest gain of 12.2 points, from 103.8 to 116.0, while rural America lost ground, dropping eight points, from 106.8 to 98.8. When it comes to vehicle preferences, our survey shows that demand is shifting away from larger vehicles towards smaller types, likely fueled by urban residents’ migration to cars. In May, compact cars (20.4 percent), mid-size cars (17.1 percent), sub-compact or MINI cars (11.6 percent), and small SUVs (11.5 percent) were Americans’ most preferred vehicle types. Back in March, small SUVs, large SUVs, and pickup trucks had topped the list, at 20.5 percent, 19.5 percent, and 15.0 percent, respectively. The surge in urban demand may also be behind a growing appetite for luxury vehicles among U.S. likely vehicle buyers. This month, a record 37.1 percent of likely buyers say that they are likely to acquire a luxury vehicle as their next new auto purchase, up from 14.7 percent in March. Looking ahead, a release of pent-up demand should propel auto sales in the near term. This month, close to one in five (17.9 percent) Americans who say that they are likely to acquire a new vehicle in the next six months plan to make their auto purchase within the next one month, up from 11.5 percent in March.