
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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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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Multiple factors drive down purchase costs, which is still well above what most households can afford.
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J.D Power study finds millennial men lead the segment, with Gen X close behind.
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Used-retail active listing volume index index sits at 0.99 points.
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Average transaction figure just a tad over MSRP, far below a year ago.
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New Experian report shows average loan amount increases tapered off, while average terms decreased.
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The first week of March started off as expected with sales rates continuing to increase across the country.
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Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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Cox Automotive forecasts sales will increase nearly 4% from 2022 and from January 2023.
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