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July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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SEARCHMENUSEARCHCredit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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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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Now in week three of February, we continue to see the wholesale market improving.
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TransUnion report shows pandemic-caused drop from 31% to 17%.
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