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Good News for Vehicle Buyers But Bad News for Borrowers

Good News for Vehicle Buyers But Bad News for Borrowers
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United statesUnited kingdomTodd lassaStephanie valdez streatyFederal reserveLand roverCox chief economist jonathanCox automotiveKelley blue bookFrancis scott keyChief economist jonathan smokeDealer sentiment indexCox industry insights director stephanie valdezJeep wranglerGrand cherokeeMetro milwaukee

Good News for Buyers, But Bad News for Borrowers

Dealer inventories are getting back to pre-pandemic normal, but Cox Automotive projects a small sales increase this year.

Stephanie valdez streatyLand roverFederal reserveCox chief economist jonathanCox automotiveKelley blue bookFrancis scott keyChief economist jonathan smokeDealer sentiment indexCox industry insights director stephanie valdezJeep wranglerGrand cherokeeInterest ratesFederal reserveJonathan smokeUbstantial discounts

U S new-car sales said likely to have jumped by 15% in 3Q

U.S. car buyers are headed to showrooms out of sheer necessity, defying high interest rates and fat sticker prices to replace cars that on average have been on the road for more than 12 years.

United statesJessica caldwellJim hardickCharlie chesbroughJack hollisToyota motor coMotors coNissan motor coFord motor coHonda motor coToyota motorCox senior economist charlieUnited auto workersFord motorFort worthHonda motor

Drivers Are Buying New Cars to Replace Older Models, Even With Surging Prices

Drivers Are Buying New Cars to Replace Older Models, Even With Surging Prices
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United statesFort worthJessica caldwellCharlie chesbroughJack hollisJim hardickNissan motor coHonda motor coFord motor coMotors coToyota motor coToyota motorCox senior economist charlieUnited auto workersFord motorHonda motor

Drivers buying new cars to replace older models, even with surging prices – Indianapolis Business Journal

New-car sales are up about 15% this year, with pent-up demand fueling sales. The strike has yet to put a crimp in supply or demand for new cars, but industry executives and dealers are growing wary.

Fort worthUnited statesJessica caldwellJim hardickJack hollisCharlie chesbroughNissan motor coToyota motor coMotors coHonda motor coFord motor coToyota motorCox senior economist charlieUnited auto workersFord motorHonda motor