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September 27, 2018 - Industry News

Fed Reserve Approves Third Rate Hike of 2018

FOMC Chairman Powell answers reporters' questions during Wednesday's press conference.

The Federal Reserve on Wednesday raised interest rates for the third time this year and signaled it will raise the cost of borrowing again in December. Industry economists said it will not get better for consumers or the industry from here.

Tags: auto affordability, consumer confidence, Federal Reserve, interest rates, Monthly Payments, new-vehicle sales

September 26, 2018 - Industry News

Cox: September Sales to Decline 7.2% From Year-Ago Levels

Despite the expected volume decline, the firm put September’s seasonally adjusted annual sales rate at a healthy 17.1 million, down from last September’s 18.1 million SAAR. The company said higher interest rates and talks of tariffs may be having some pull-ahead impact in the market.

Tags: consumer confidence, Cox Automotive, interest rates, new-vehicle sales, SAAR, Tariffs, unemployment rates

August 16, 2018 - Industry News

Study: Autonomous Vehicle Awareness Rising, Acceptance Declining

A new study from Cox Automotive shows that consumers now have a deeper understanding of the complexities involved when creating a self-driving car, which is causing them to reconsider their comfort level when it comes to handing over control.

Tags: Autonomous Driving, consumer confidence, mobility, Self Driving, technology

May 24, 2016 - Industry News

AP Poll: Two-Thirds of Americans Can’t Afford $1,000 Emergency

Conducted by The Associated Press-NORC Center of Public Affairs, the poll found that 75% of households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill.

Tags: Consumer Buying Habits, consumer confidence, consumer debt, Great Recession, parts and service, Repairs, Service Contracts

March 1, 2012 - Industry News

Consumer Confidence Increased in February, Conference Board Reports

The Conference Board's Consumer Confidence Index increased in February, revealing that consumers are less pessimistic about current business and labor market conditions than they were in January.

Tags: consumer confidence, Consumer Confidence Index

February 1, 2012 - Industry News

Consumer Confidence Experiences 3 Percent Dip

The Conference Board announced that the Consumer Confidence Index, which had increased in December, retreated in January. The Index now stands at 61.1, down from 64.8 in December.

Tags: consumer confidence, Consumer Confidence Index

December 27, 2011 - Industry News

Consumer Confidence Up in December, Conference Board Reports

The Conference Board’s Consumer Confidence Index increased in December, following an upward trend from November, the independent research group reported today.

Tags: consumer confidence, Consumer Confidence Index

October 13, 2011 - Industry News

Consumer Demand for Luxury Vehicles Wanes

A survey by TNS indicated that almost one in three luxury car owners have a more negative attitude toward purchasing another luxury vehicle in the future.

Tags: consumer confidence, economic downturn, Fuel Economy, Luxury Vehicles, Vehicle Maintenance

October 11, 2011 - Industry News

Boost in Floor Traffic Could Signal Strong October Finish, CNW Says

October kicked off to a strong start after the new-car industry broke out of its summer funk in the second half of September, according to the Bandon, Ore.-based CNW Research.

Tags: CNW, consumer confidence, floor traffic, incentives, SAAR, trade-in value

September 13, 2011 - Industry News

AutoTrader.com: Drop in Gas Prices Fueling Popularity of Trucks, SUVs

AutoTrader.com's Trend Engine report for August indicated that the decline in gas prices over the summer has driven consumers back toward large trucks and SUVs, particularly in the new-vehicle arena.

Tags: AutoTrader.com, Chevrolet, consumer confidence, Dodge, Ford, Gas Prices, Honda, Toyota

August 2, 2011 - Industry News

TrueCar.com: Seniors Lean Toward American Luxury

A new study by TrueCar.com found that American luxury brands are still more popular among seniors in the U.S.

Tags: brand loyalty, consumer confidence, Luxury Vehicles, TrueCar

January 4, 2011 - Industry News

Road to Recovery Began in 2010, But Concerns Remain

Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.

Tags: AutoPacific, Chrysler, consumer confidence, Ford, General Motors, unemployment rates, Vehicle Sales

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