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Slight May improvement came with risks to borrowers, lenders.
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Many consumers shift from new for affordability, though some brands have robust new-EV sales month.
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Cox Automotive index finds Q1 improvements but pessimism about Q2.
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April tariff winds buffet consumers, ending upswing in conditions.
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Overall April conditions didn’t benefit the consumer, especially those presenting more risk.
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Mixed February conditions still produce highest Cox index reading in more than two years.
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Cox forecast foresees tepid growth and a CPO decline.
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Cox forecasts they’ll do as well this year despite expected obstacles.
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Small 2024 shift shows they may have stopped declining from pandemic-era inflation.
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