Analysts at Cox Automotive predict new vehicle sales in the U.S. will drop 2.1% on a year-over-year basis. They point to expected declines by General Motors, Toyota and Stellantis as the primary reason for the slide. However, it’s not all bad news. Find out why at Headlight.News.
Rising incentives and falling interest rates combined to make new vehicles more affordable in August compared to July. In fact, they are at the most affordable levels in more than three years, according to new data. Get the details at Headlight.News.
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.
More vehicle buyers — new and used — said they were satisfied with the experience in 2023 than the previous two years, according to a new Cox Automotive study. Electric vehicle buyers were the happiest with 80% saying they were satisfied. Find out more at Headlight.News.
If you’ve been holding off on buying a new vehicle now may be a good time to head over to your nearest showroom. After three years of record hikes, prices have begun to tumble as automakers build back COVID-depleted inventories. Better yet, incentives are beginning to rise, meaning you could find the best deal in years. Headlight.News has more.