Will Higher Interest Rates Cool Demand for New Cars?
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
CEO Carlos Tavares reported he expects the semiconductor supply chain to remain tight until the end of 2023.
Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.
ZeroSum predicts that by the end of September, new vehicle inventory will be up 16.69% from the start of August while used vehicle inventory will be down 1.15%.
September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.
The U.S. Transportation Department (USDOT) has approved electric vehicle (EV) charging station plans for all 50 states, Washington D.C. and Puerto Rico.
A J.D. Power brand loyalty study finds most car buyers return to the same brand when trading in their used vehicles.
Black Book and Fitch Ratings just unveiled their latest joint depreciation report, taking an in-depth look at car and truck segment depreciation trends in 2021, as well as our outlook and forecast for depreciation in 2022.
BMW will reach the higher end of its 7-9% margin target for its vehicle business and will see slight sales growth in 2023, forecasted CFO Nicolas Peter in a roundtable this week.
Hertz has partnered with BP Pulse, BP oil company’s EV charging arm, to build a network of electric vehicle charging stations across the U.S.
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