interest rates

Car Financing Costs Will Keep Rising This Year

Interest rates will continue climb, eating into inventory improvements’ effect.

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Auto Market Experiences Ups and Downs

Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.

Demand Destruction a Concern for 2023

Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down economy threaten auto sales.

New Vehicle Sales Plummet to Record Lows in 2022

Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.

VW CFO Foresees Tighter New Year

Economic pressures expected to make 2023 even more challenging.

November New-Car Sales to Be Flat

Report shows interest rates, continued high prices cramping volume.

Auto Loans Follow Interest Rate Hikes

APR for new cars hits 3-year-plus high.

Down Economy Requires Dealers to Up Their Game, Say Experts

In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.

Will Higher Interest Rates Cool Demand for New Cars?

The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.

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Tightened Inventory and Fewer Buyers Pose Risk to Auto Industry

Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out of the market.