Personal income increased $194.7 billion (0.8% at a monthly rate) in February, according to estimates released by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI) – personal income less personal current taxes – increased $191.6 billion (0.9%) and personal consumption expenditures (PCE) increased $87.8 billion (0.4%).

Personal outlays – the sum of PCE, personal interest payments, and personal current transfer payments – increased $118.4 billion in February. Personal saving was $1.02 trillion in February and the personal saving rate –personal saving as a percentage of disposable personal income – was 4.6%.

From the preceding month, the PCE price index – which the Fed uses to track inflation – for February increased 0.3%. Excluding food and energy, the PCE price index increased 0.4%.

The Automotive Hall of Fame is proud to announce Chrissy Taylor, President and CEO of Enterprise Mobility, as the recipient of its 2025 Industry Leader Award. This recognition honors individuals who have made a lasting impact on the automotive and mobility industries through exceptional leadership and innovation.

Taylor will be presented with the award on April 15 at the Javits Center in New York City during the Auto Forum, an exclusive industry event jointly hosted by NADA, J.D. Power, and the New York Auto Show. The award will be presented by Cox Automotive, followed by a fireside chat between Taylor and Steve Rowley, president of Cox Automotive and a member of the Automotive Hall of Fame’s Board of Directors, where they will discuss leadership, innovation, and the future of mobility.

“Cox Automotive is proud to be the presenting sponsor of the prestigious Industry Leader Award,” said Rowley. “Throughout her illustrious 25-year career at Enterprise Mobility, Chrissy has built a tremendous culture with a continued focus on her team members that has made her organization the success it is today. It is a pleasure to celebrate her as this year’s winner.”  

As the third-generation leader of Enterprise Mobility, Taylor has guided the company through significant transformation, expanding its global reach while staying committed to customer-centric mobility solutions.

“I am deeply honored to receive this award,” said Taylor. “Our growth and success at Enterprise Mobility is thanks to the invaluable support of our industry partners and our organization’s more than 90,000 global team members. Together, we can continue to meet all kinds of mobility needs for customers, helping them on every journey.”

Amy Marentic, a veteran marketing executive, has been named Genesis Motor America’s chief marketing officer. In this position, Marentic will oversee all Genesis marketing strategy and activities across the United States, driving brand awareness while contributing to increased sales and market share expansion. Marentic will report to Tedros Mengiste, chief operating officer of Genesis Motor North America.

“Amy has a proven track record of driving transformation and growth in her experience leading marketing initiatives in automotive, mobility, and technology sectors,” Mengiste said. “As we continue on our path of rapid growth, I look forward to working with Amy to strengthen our brand’s visibility across every consumer touchpoint and welcome more customers to the Genesis family.”

As CMO, Marentic will be responsible for leading the United States marketing division in the development, implementation, and management of marketing messages directed at consumers. Marentic will develop and manage the strategic business plan for all national and regional advertising, multicultural, experiential, and digital marketing, CRM, and the brand’s online presence. Additionally, Marentic will support the brand’s current and growing network of standalone retail facilities through local marketing efforts.

Marentic joins Genesis with over 25 years of global automotive and mobility experience, excelling in marketing, sales, product and brand strategy, management, and technology. Marentic held the role of global automotive director at Google, supporting and accelerating the brand’s digital transformation, delivering billions in ad revenue growth.

Prior to Google, Marentic held multiple leadership roles during an over 25-year tenure at Ford Motor Company, including as general manager for the Ford Icons business, encompassing the Bronco, Mustang, and Raptor brands, and President of Lincoln Asia Pacific. Marentic was recognized industry-wide for excellence and innovation in end-to-end product development and marketing strategies.

Marentic holds a bachelor’s degree in aerospace engineering and a master’s degree in industrial and manufacturing engineering from the University of Michigan.

The University of Michigan’s Index of Consumer Sentiment dipped to 57.9 in March from 64.7 last month.

“Consumer sentiment slid another 11% this month, with declines seen consistently across all groups by age, education, income, wealth, political affiliations, and geographic regions,” Surveys of Consumers Director Joanne Hsu said. “Sentiment has now fallen for three consecutive months and is currently down 22% from December 2024. While current economic conditions were little changed, expectations for the future deteriorated across multiple facets of the economy, including personal finances, labor markets, inflation, business conditions, and stock markets.

“Many consumers cited the high level of uncertainty around policy and other economic factors; frequent gyrations in economic policies make it very difficult for consumers to plan for the future, regardless of one’s policy preferences.

“Consumers from all three political affiliations are in agreement that the outlook has weakened since February. Despite their greater confidence following the election, Republicans posted a sizable 10% decline in their expectations index in March. For Independents and Democrats, the expectations index declined an even steeper 12 and 24%, respectively.”