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Despite lower interest rates and longer loan terms, the average new-vehicle monthly payment continues to climb, and transaction prices remain high.
Read More →The latest Cox Automotive and Moody’s Analytics index shows a slight increase in new-vehicle affordability despite high prices.
Read More →As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →Central bank waiting to see what happens under Trump administration. Auto loan rates, meanwhile, are rising again.
Read More →Average for new and used vehicles decreased in the third quarter.
Read More →Mike Stanton shares what’s needed to bridge the gap between EV demand and government goals.
Read More →Dealerships should focus on selling products to cash and credit union financing customers rather than trying to convert them to finance deals, although they shouldn’t discount the latter.
Read More →Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
Read More →Economic headwinds are not deterring sales, Cox Automotive analysts find.
Read More →Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
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