New Cars Less Affordable
Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
Cox forecast puts mass adoption on the fast track within a decade.
Credit access varied depending on vehicle, lender type, Cox says.
Fewer selling days explain the difference. Sales pace on track to be the best sales year since 2019.
Though days’ supply far exceeds a year earlier, it fell for the month.
March volume highest in two years as consumers bargain shop.
Retail sales were up from January and a year earlier for the strongest volume in nearly a year.
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.
But year-over-year volume down on high borrowing rates, rough winter.
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