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Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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F&I Showroom Magazine
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SEARCHMENUSEARCHMost financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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Still worse year-over-year, since prices and loan rates are elevated.
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The category grabs greater share of market as consumers look to save money in challenging financial conditions.
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The three biggest compliance concerns dealers faced throughout the year.
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TransUnion says third-quarter shift driven by inflation, rising interest rates, and continued lower inventories.
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Demand, despite market pressures, remains elevated, keeping supply tighter.
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Edmunds data show how new-model prices ballooned and by how much.
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The used retail active listing volume index reverted back to one at the start of 2023. Currently, the index sits at 0.95 points.
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Consumers paying more and more as interest rates stretch costs to new highs.
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Inflation-fighting series cuts further into consumers’ ability to afford purchases such as cars.
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The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
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