VW CFO Foresees Tighter New Year
Carmakers continue to face microchip shortages and increasing supply costs, though loosening supply scarcity could boost growing inventories. IMAGE: Getty…
New Vehicle Sales Plummet to Record Lows in 2022
Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.…
Demand Destruction a Concern for 2023
Auto industry analysts remain on high alert for “demand destruction” as high interest rates, escalating vehicle costs, and a down…
Auto Market Experiences Ups and Downs
Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives. IMAGE: Getty Images Used vehicle retail sales…
Car Financing Costs Will Keep Rising This Year
Bankrate predicts that five-year new-car loans will reach 6.9% this year, four-year loans 7.75%. IMAGE: Tom Fisk Vehicle loan rates…