Increased spending by wealthier consumers, easing interest rates, sustained demand and looser lending standards should support the auto market in 2026. U.S. consumer spending is expected to grow 2.4% this year, slightly slower than in 2025, with higher-income households driving vehicle demand — particularly for new units. In fact, earners in the top 20% of households account for more than half of new-vehicle purchases, even as payments remain elevated, according to economic advisory firm Oxford Economics’ Jan. 27 industry research briefing. […]
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