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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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February forecast has new-vehicle deliveries still off from last year at this time amid high prices and vanished EV incentives. But J.D. Power sees business picking up from here as automakers target growth.
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Many vehicle segments experienced gains last week as conversions picked up. Meanwhile, the retail days to turn estimate stood at 39, analysts reported.
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The year starts with declined expectations for economic conditions and plans to make big purchases. Used cars, though, are among the top big-ticket categories under consideration.
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Some automotive segments actually improved last week in a bright midwinter sign that could signal a healthy spring season.
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The month is set to be off last year, J.D. Power predicts, though its full-year outlook is less gloomy, and dealer profits are up despite the odds.
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Could it be an early spring when it comes to used-vehicle sales? Black Book analysts think so based on recent weeks' auction activity.
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Auto consumers reported greater satisfaction last year despite higher prices and rising tariffs, due to an omnichannel approach blending online and in-person shopping, Cox Automotive research found.
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Purchases of new and used vehicles were down in December despite several positive market turns for consumers, whose optimism didn’t match their big-ticket spending.
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A Carfax index indicates that prices were higher than December 2024 but had been on a downward trend for the past few months.
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Auto dealers will be looking to you as much as ever this year to help them make smooth turns in an unpredictable market.
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