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The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
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Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.
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U.S. consumer interest in electric vehicles lags behind other countries despite the rising gas prices caused by the ongoing war in the Middle East.
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Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
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The automaker says its California skunk works is already finding efficiencies to lighten traditionally heavy electric vehicles for lower cost, plus extended range.
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Subaru addition to its sole U.S. plant mirrors the automotive industry’s emphasis on the gas-alternative powertrain after recent setbacks for pure EVs.
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Based on Consumer Reports’ new Safety Verdict score, Mazda makes the safest new cars on the road at a brand level, the highest percentage of its tested fleet earning the top score.
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Non-EV drivers show a decreased interest in future EV buying, according to CDK.
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Hybrids, trucks fare better as post-pandemic market normalizes with revived inventories.
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