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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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F&I Showroom Magazine
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
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Dealer profits still high, though fewer units marked above MSRP.
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The technology of today has far surpassed “penny-perfect,” and those competitors who understand this are cleaning up.
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Report shows used models in particular to fall as new-car inventory improves.
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It is not clear how current economic conditions will affect vehicle sales, auto lending and remarketing over the next 12 months.
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Used-car retailer grapples with waning demand in face of economic challenges.
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State-of-the art facility to enhance Proton Dealership IT’s cyber threat monitoring and response services.
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With the holidays approaching, auction lanes are following the trend of past weeks of being slow.
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New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise.
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