Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
February metrics continue gradual shift in consumer’s favor.
U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
Cox tallies show income bumps helped offset other pressures in October.
Interest rates increasing the costs, with no end in sight, Edmunds finds.
New-vehicle purchases a little easier on the wallet despite high prices, interest rates.
JD Power study shows affordability depends on location.
Cox Automotive says that though some consumers are being priced out of the market, it’s rebalancing.
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