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June conditions balanced between high prices, interest rates and rising income and incentives.
https://www.autodealertodaymagazine.com/371376/new-vehicle-purchase-affordability-steady
June average price increase least since pandemic began, Cox says.
https://www.autodealertodaymagazine.com/371333/new-vehicle-prices-take-normalizing-turn
June’s loosening follows spring banking crisis, though access is still tighter year-over-year and compared to prepandemic.
https://www.autodealertodaymagazine.com/371326/credit-access-consumer-confidence-up
Cox Automotive forecasts an improved used-vehicle market in latter half of the year.
https://www.autodealertodaymagazine.com/371264/used-vehicle-sales-to-grow
Extending credit to high-risk customers is harder, but there are ways to get those customers into loans.
https://www.autodealertodaymagazine.com/371262/dealers-face-difficulty-placing-subprime-loans
Report shows $400 million increase as fraudsters refocus to automotive loans.
https://www.autodealertodaymagazine.com/371189/auto-lenders-fraud-exposure-rose-in-2022
S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.
https://www.autodealertodaymagazine.com/371170/auto-delinquency-soars-in-q1
Federal Reserve keeps interest rates steady but signals borrowing costs will increase by another half of a percentage point by year’s end.
https://www.autodealertodaymagazine.com/371160/interest-rates-stay-status-quofor-now
Analysts predict downward shift over the last two months will continue.
https://www.autodealertodaymagazine.com/371139/upward-surge-in-used-car-prices-reversing-course
Declines continued throughout the entire market last week, with the exception of one segment, Sporty Car, which was up only +0.04%.
https://www.autodealertodaymagazine.com/371127/black-book-weekly-market-report-11