Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.
Economic pressures expected to make 2023 even more challenging.
Mitsubishi Corp. has raised its full-year net profit forecast by 21% to a record 1.03 trillion yen ($7 billion).
In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.
An economic downturn could put all automaker’s, even those making luxury autos, earnings to the test.
How trends from the past decade will impact F&I in 2020 and beyond.
For the fifth year in a row, auto sales in the U.S. are expected to top 17 million vehicles.
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