New Cars Within Easier Reach
Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
Though days’ supply far exceeds a year earlier, it fell for the month.
Used sales, buoyed by EV shoppers, cut into supply while harsh winter put a damper on new-vehicle business, padding inventory.
Average for new and used vehicles decreased in the third quarter.
August supply improves to highest level in nearly 2 ½ years, Cox Automotive says.
Income growth, falling prices outweigh interest rate hikes, Cox says.
Analysts predict further declines while auto retailer CEOs predicted sustained gross profits higher than 2019.
Study finds that bells and whistles have plenty of downsides.
Multiple factors drive down purchase costs, which is still well above what most households can afford.
Toyota models, hybrids and EVs dominate ranking.
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