New Vehicles More in Reach
February metrics continue gradual shift in consumer’s favor.
February metrics continue gradual shift in consumer’s favor.
U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
Cox tallies show income bumps helped offset other pressures in October.
Interest rates increasing the costs, with no end in sight, Edmunds finds.
New-vehicle purchases a little easier on the wallet despite high prices, interest rates.
Income growth, falling prices outweigh interest rate hikes, Cox says.
JD Power study shows affordability depends on location.
Cox Automotive says that though some consumers are being priced out of the market, it’s rebalancing.
Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
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