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consumer demand

Auto Shoppers' Woes to Continue in 2023

More cars are available, but record prices and rising interest rates will challenge customers.

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Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

New and Used Car Prices Continue Upward Climb

The average price of a new car hit $45,000 in September and reached $25,000 for the average used car, according to Kelley Blue Book.

Inventory Slowly Bouncing Back as Demand Slows

Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.

Pent-Up Demand Swells During Government Shutdown, CNW Reports

CNW Research says the government shutdown was like ‘putting a dam on a river.’ But when will that pent-up demand be released?

Consumer Auto Demand Provides Loan Growth for Banks, Fitch Says

Fitch Ratings announced U.S. banks have a chance to foster loan growth via their auto portfolios, as consumer demand and sales of both new and used vehicles increases.

Consumer Demand Shifted to Luxury Vehicles in October, AutoTrader Reports

AutoTrader.com’s Used/CPO Car Insights Report indicated that consumer interest in luxury vehicles spiked on the Website during the month of October.

Retail Sales Rise Ahead of Holiday Shopping Season

After a strong 1.1 percent month-over-month gain in September, U.S. retail sales increased last month by 0.5 percent to $397.7 billion, the Commerce Department reported today.

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