New-Vehicle Prices Take Normalizing Turn
June average price increase least since pandemic began, Cox says.
June average price increase least since pandemic began, Cox says.
June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.
Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.
Report shows $400 million increase as fraudsters refocus to automotive loans.
S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
Analysts predict downward shift over the last two months will continue.
Declines continued throughout the entire market last week, with the exception of one segment, Sporty Car, which was up only +0.04%.
Economic headwinds are not deterring sales, Cox Automotive analysts find.
May index lowest since February 2021 as subprime, negative-equity shares fall.
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
Q1 numbers show they’re trying new tacks to combat the effect of high interest rates, still-high vehicle prices.
April access tightened across all channels.
Still worse year-over-year, since prices and loan rates are elevated.
Experian’s Q4 auto finance report lists America’s top 10 lease vehicles by market share, including one domestic SUV that captured nearly 4% of all new leases at the end of 2018.
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