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Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
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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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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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GM says it sells the cheapest electric vehicle in the U.S. market. It explains how it made improvements to the entry-level EV while keeping its price down.
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How dealers can help customers keep long-term interests in mind.
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Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
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Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
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U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
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New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
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