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Consumer Outlook on the Rise
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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SEARCHMENUSEARCHYounger 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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Lexus and Subaru rank highest for third consecutive year.
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High demand coupled with low inventory has spurred consumers to order the vehicle they want.
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Wholesale values continue to decline after a monstrous 22-consecutive weeks of gains; however, sales conversion rates were also down last week. We anticipate that dealers will begin gradually and moderately reducing their floors.
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The June Retention Index increased again, although at the slower rate, and broke yet another record, reaching 166.0 points.
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As auto loans and credit apps rise, it appears Americans are more willing to take on debt.
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A proposal that gives higher EV tax credits to union shops has caused controversy over preferential treatment for EV incentives.
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Wholesale values are finally starting to simmer down but make no mistake, supply channels haven’t been restored and the market remains strong.
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Toyota saw sales rise to 840,303 units in May, led by swiftly recovering demand in North America.
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Another week of gains for the exceptionally strong wholesale market; however, that pace has slowed tremendously.
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The automaker declares 2040 as the date it will phase out gasoline-powered cars.
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