Fed: Rising interest rates deter automotive buyers
Vehicle sales were mixed in November as rising interest rates discouraged buyers even as supply rebuilt and demand remained robust. ...
Vehicle sales were mixed in November as rising interest rates discouraged buyers even as supply rebuilt and demand remained robust. ...
New-vehicle sales are expected to improve on a year-over-year basis in November despite a sequential slowdown over the holiday sales ...
New-vehicle days’ supply in October climbed to the highest level since May 2021, while used-vehicle inventory slightly declined amid easing ...
RumbleOn’s third-quarter earnings were marked by a decrease in finance and insurance (F&I) revenue as unit sales fell and new-vehicle ...
Used-vehicle values plummeted year over year in October in tandem with used-retail sales and consumer confidence. The Manheim Used Vehicle ...
Used-vehicle values continue to stabilize amid slowing sales and a dip in consumer demand. The Manheim Used Vehicle Value Index ...
Used-vehicle values decreased sequentially for the fourth consecutive month in September and fell year over year for the first time ...
Auto demand is softening further as federal interest rate hikes squeeze lenders’ ability to address affordability concerns, and subprime consumers ...