
Americans’ view of present business conditions, the labor market and family finances, though, are still in the dumps, and if they plan to buy cars, many target used units.
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Purchases of new and used vehicles were down in December despite several positive market turns for consumers, whose optimism didn’t match their big-ticket spending.
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Survey finds increased concern about finances, jobs and inflation, reduced plans to buy big-ticket items
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Survey finds increased concern about tariff effects on finances, potential of a recession.
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Index shows expectations getting bleaker as more anticipate worsened inflation, falling income and waning job prospects.
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Inventory, tax refunds and bonuses encourage buyers trying to avoid higher prices later.
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Major sentiment index finds pervasive drop in expectations, including inflation anxieties.
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Cox’s Auto Market Weekly Summary for January 13 shared both positives and negatives.
Read More →Sales of cars and trucks stayed on a roll in July toward the best year since 2006 as automakers benefit from stronger U.S. consumer confidence, payroll gains, low-interest rates and pent-up demand for new vehicles, reported Bloomberg. A resurgent American appetite for sport-utility vehicles and crossovers helped General Motors Co. (GM), Toyota Motor Corp., Ford ... Read More »
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