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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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There appears to be a regulatory target on auto dealer-provided loans.
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Carmaker will add the payment options in its European dealerships this month after introducing it in the U.S. last year.
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June conditions, including best average loan rate in a year, make buying more likely.
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New buyers, especially those with EV trade-ins, are feeling the brunt of depreciation as market normalizes.
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Borrowers taking on more debt, moving many into delinquent territory.
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Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
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Rising auto loan delinquencies, though bad news, could be another opportunity for agents to help dealers come down from pandemic highs.
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May mix of conditions shows year-over-year loosening by most measures.
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U.S. says $1 billion-plus saved by buyers since the new year, tallies lifetime savings versus gas-powered ownership.
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Prices down as inventory, incentives head in the other direction.
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