January Used-Car Market Soars

CarGurus' New Car Demand Index fell over 3% year-over-year in January amid declining consumer confidence and sentiment driven by current economic concerns.

December Doldrums

A consumer index finds continued declines in both outlook and current conditions sentiment across nearly all demographics as big-ticket spending plans fall.

Dealers Entering Holidays Not so Cheerfully

In the wake of a healthy year of business, many are seeing slowed traffic and otherwise gloomy conditions.

Consumers Explain What They Want in Car Servicing

Survey finds frustrations, evolving desires, and untapped sales potential

Auto Shoppers' Woes to Continue in 2023

More cars are available, but record prices and rising interest rates will challenge customers.

Auto Execs Say Consumer Demand Remains Strong

GM and Ford top execs say U.S. consumer demand for cars and trucks remains strong, despite soaring interest rates and gas prices.

New and Used Car Prices Continue Upward Climb

The average price of a new car hit $45,000 in September and reached $25,000 for the average used car, according to Kelley Blue Book.

Inventory Slowly Bouncing Back as Demand Slows

Current inventory levels rest at a 31-day supply for U.S. dealers, reports Cox Automotive subsidiary vAuto.

U.S. Auto Sales Demand Begins to Thaw in March

U.S. consumer demand for new vehicles began to thaw in March, especially for luxury cars and big trucks, but not every carmaker participated in the uptick, reported Reuters. New-vehicle sales rose 0.6 percent from a year ago, to 1,545,802 vehicles, industry consultant Autodata Corp said. Automakers had one fewer day and one fewer weekend in ... Read More »

Consumer Auto Demand Provides Loan Growth for Banks, Fitch Says