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The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
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Lenders loosened access for subprime borrowers, and consumers with negative equity reached a record high, Cox Automotive reported.
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Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
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Automakers and dealers have in some cases overstocked lower-demand tiers, though they demonstrated pricing discipline, according to Cox Automotive, which sees the need for greater inventory balance.
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Consumer bright spots don’t make up for erosion in other areas
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Some brands’ inventory even more padded as year wanes, affordability weighs
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Study finds that though overall service drive revenue is up, loyalty is eroding
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Cox Automotive says the technology enables online transactions on client sites and third-party marketplaces simultaneously.
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Already strong demand is making sector loan rates actually rise. That could combine with falling supply, production to cut sales.
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