New vehicle prices have topped $50,000 while auto loan delinquencies reach historic highs — a troubling combination that suggests Americans can no longer afford the cars they’re buying. Here’s what ...
Shoppers looking for a new car in February likely found the experience easier. New-car searches were down 7.2% YoY, but that’s not necessarily bad news — it means there’s less competition, and buyers ...
A new CNBC report drawing on Cox Automotive data argues the US new car market is increasingly behaving like a luxury category, with higher income households continuing to buy new vehicles while lower ...
As China continues to gain market share and fully electric vehicles struggle to win over Australian drivers, the automotive industry faces uncertain times.
While many signals suggest the pre-owned car market is strong, CarMax’s recent earnings call suggests something is amiss. A significant quarterly earnings miss for Q2 sent stock prices plummeting 25 ...
Economists say lower‑ and middle‑income buyers are being squeezed out of the new‑car market. But at the top end, demand remains strong. Luxury dealers like Nelson Andrews in Brentwood, Tennessee, say ...
A growing number of consumers are shying away from the new car market as prices increasingly become out of reach. But used cars aren't offering much relief either, according to auto industry experts.
Huge bankruptcies for used car firms have exposed Wall Street’s entanglement with the sector. Far from derisking after the Great Recession, banks rebuilt the economy on obscure financial ...
New-car showrooms are starting to look less like a middle‑class necessity and more like a luxury boutique. Prices, financing costs, and income trends are converging in a way that is quietly locking ...
If you’re ever spent time wondering how there are so many more high-end cars on America’s roads than there were a generation ago, and how on earth people can afford them, well, it looks like the shift ...
The used car market is shifting. Recent news from used car retailers Carvana and CarMax tells the story of two car industries in one. On the one hand, you have Carvana, the online retailer that allows ...