Rising rates, lack of supply drive away subprime consumers
Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...
Tag: Cox Automotive
Ford makes 7 EV leadership changes, and other staff moves
Ford makes leadership changes Ford Motor Co. announced multiple leadership changes to support the development of its line of electric ...
New-vehicle sales dip in August
Tight supply continues to hamper new-vehicle sales this summer as consumers begin to pull back on purchasing amid high gas ...
New-vehicle affordability declines in July
New-vehicle affordability declined in July as the median weeks of income needed to purchase a new vehicle increased alongside average price ...
Credit access tightens for third consecutive month
Credit availability tightened for the third consecutive month in July amid widening yield spreads and declining subprime share. The Dealertrack ...
Used-vehicle values decline for second straight month
Used-vehicle values clocked a small sequential decline in July but remain higher year over year as inventory constraints persist. The ...
Wholesale shock looms: Peering into the 2028 market
Inventory constraints in the new-vehicle market are poised to ripple across the wholesale market in the next few years, likely ...
Battery-powered EV sales reach record high in Q2
Sales of fully electric vehicles (EVs) reached a record high in the second quarter as more consumers become amenable to ...
