Trump’s tariffs are beginning to unnerve consumers as they eye purchasing new vehicles, forcing some buyers to jump off the fence and race into dealerships, while others have decided to wait out the chaos. Headlight.News has more.
car buyers
Used Car Prices Trending Down But Uncertainty Looms
While new vehicle prices continue to rise month after month, used car prices have been declining in 2025. Admittedly, it’s still early in the year but as new car sales keep rising so too do the number of trade-ins, but demand has kept used-car inventory tight which means uncertainty for prices long term. Get details at Headlight.News.
Financing a Vehicle Getting Tougher
While new vehicle sales have been strong this summer, financing a new car, truck or SUV isn’t getting easier. Banks and credit unions continue to tighten restrictions while auto finance companies have been picking up the slack by easing theirs. Find out more at Headlight.News.
Automotive Brand Loyalty Increases During First Half of 2024
For the first time in several years, the number of people buying a new vehicle remained loyal to the brand of car, truck or SUV they were getting out of. According to S&P Global Mobility, the first half registration data showed 52.5% of buyers remained loyal — a 1.9% increase on a year-over-year basis. Find out more at Headlight.News.
Consumers Changing Preferences Impacting Auto Industry in 2024
While many aspects of the industry are returning to normal, automakers and consumers are going to have to deal with some issues that linger like a bad hangover this year. Most of the problems will focus on the price of new vehicles. Find out more at Headlight.News.