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September Payments Reach New Heights
Despite lower interest rates and longer loan terms, the average new-vehicle monthly payment continues to climb, and transaction prices remain high.
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SEARCHMENUSEARCHDespite lower interest rates and longer loan terms, the average new-vehicle monthly payment continues to climb, and transaction prices remain high.
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It reported that US retail sales rose 15% while fleet sales jumped 27%.
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Affordability challenges may dampen spring auto sales, finds Cox Automotive Auto Market Weekly Summary.
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The market continued to experience growth last week, with gains far exceeding what is typically seen this time of year.
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Used-retail active listing volume index index sits at 0.99 points.
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New Experian report shows average loan amount increases tapered off, while average terms decreased.
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The first week of March started off as expected with sales rates continuing to increase across the country.
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More cars are available, but record prices and rising interest rates will challenge customers.
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Improved inventory levels and higher retailing cited for the sales boost.
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Average manufacturer retail price nearly $50K, with some models exceeding six figures and $75K pickups the norm.
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Automaker to pause production at Fort Wayne Assembly truck plant, which builds full-size trucks.
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