Key Performance Indicators Report — March 2023

THE SHOP created the Key Performance Indicators Report to provide shop owners with valuable economic and industry data in an accessible, time-saving manner. Click on any of the links below to access that data in this month’s report.

The Brief

Despite historic inflation and labor shortages, small business owners continue to create new jobs and strengthen the economy…

State of Business: Automotive Industry

Although used car prices are declining, overall new vehicle sales continue to recover from pandemic-related supply struggles…

Recent Vehicle Recalls

A roundup of recent manufacturer safety recalls…

State of the Economy

A solid jobs report means the Federal Reserve is expected to continue interest rates hikes and increase the likelihood of a recession…

Consumer Trends

Consumers are growing less upbeat about the short-term outlook for jobs and expect business conditions to worsen in the near term…

By A.J. Hecht

A.J. Hecht is the managing editor of THE SHOP and host of the In Gear with THE SHOP podcast. Have an idea, a tip, or a question you’d like to see answered? Contact A.J. at ahecht@cahabamedia.com.