CollisionWeek

Your source for the latest collision repair industry news, statistics and trend analysis.

  • News
  • Research
  • Feature
  • Subscribe
You are here: Home / News / Consumer Sentiment Declines on Fears of Resurgence in Pandemic

Consumer Sentiment Declines on Fears of Resurgence in Pandemic

August 16, 2021 By CollisionWeek Editor

Preliminary results for month from University of Michigan survey show dramatic decline in consumer views on the economy.

The University of Michigan Index of Consumer Sentiment in mid-August was 70.2, down 13.5% from July and down 5.3% from August 2020 and critically below April 2020 at the start of the pandemic. Consumer sentiment is a key driver of major spending decisions like automobile purchases.

According to Surveys of Consumers chief economist, Richard Curtin, over the past half century, the Sentiment Index has only recorded larger losses in six other surveys, all connected to sudden negative changes in the economy. The

Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options. 

Filed Under: News Tagged With: Consumer Sentiment Index, University of Michigan

Connect

  • Email
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

Interview Sponsors

IBIS Publisher Partner

Login

Remember Me
Subscribe | Lost your Password?

Tags

AAA AASP/NJ Acquisitions Advanced Driver Assistance Systems Agreements Signed Auto Care Association Automotive Service Association Autonomous Vehicles Awards Axalta Coating Systems BASF Board of Directors Boyd Group California Canada Career and Technical Education CARSTAR CCC Certification Collision Repair Education Foundation Copart Coronavirus Diagnostics Donations Earnings Florida General Motors I-CAR Insurance Auto Auctions Lawsuits legislation Mitchell International National Auto Body Council Network Affiliations New Jersey Non-OEM Parts Openings People PPG Industries Regulations Service King Collision Repair Centers Texas United Kingdom Women's Industry Network Workforce Development

Recent Articles

  • U.S. Auto Body Repair Prices Up Nearly 15% in July Compared to Last Year August 12, 2022
  • Auto Glass Now Adds Two New Locations in California August 12, 2022
  • ASA August 17 Webinar to Feature I-CAR Best Practices on Electric Vehicle Technology August 12, 2022
  • AAA Says Annual Cost of New Car Ownership Crosses $10K Mark August 12, 2022
  • Collision Repair Education Foundation Announces Fall High School & College Career Fair Schedule August 11, 2022
  • Wholesale Used-Vehicle Prices Declined Slightly in July from Seasonal Adjustment August 11, 2022
  • IAA Reports Second Quarter Revenue Up 16.9% to $520.3 Million August 11, 2022

CollisionWeek Membership

  • Login
  • Lost Password
  • Membership Details
  • Register
  • Sponsors
  • Subscription Information
  • Terms of Use for CollisionWeek

More Information

About CollisionWeek
Contact Us
Privacy Policy
Event Calendar
Take the Collision Repair Business Conditions Survey

Copyright 1999-2021 - QuanDec Corporation - All Rights Reserved ยท Log in