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The year starts with declined expectations for economic conditions and plans to make big purchases. Used cars, though, are among the top big-ticket categories under consideration.
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Survey finds increased concern about finances, jobs and inflation, reduced plans to buy big-ticket items
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Average October prices barely skipped a beat from September’s records.
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Recent patterns show good credit helps navigate high interest rates as highly leveraged consumers sink further.
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Toyota, trucks and SUVs dominate list of those with greatest chance of hitting 250K miles.
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Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
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Though days’ supply far exceeds a year earlier, it fell for the month.
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Used sales, buoyed by EV shoppers, cut into supply while harsh winter put a damper on new-vehicle business, padding inventory.
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Average for new and used vehicles decreased in the third quarter.
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August supply improves to highest level in nearly 2 ½ years, Cox Automotive says.
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