The Federal Reserve’s recent rate cuts in addition to an increase in automakers’ incentives are helping to stabilize the auto market, a good sign for dealers and consumers. WardsAuto's Nancy Dunham reports.+
Declining interest rates, increased incentives and personal income gains have led to the best new-vehicle affordability level since August 2021. +
Senator-elect Bernie Moreno, a former dealer and factory executive, says he wants to scrap policies that produce “cars people don’t want." +
New-vehicle incentives are up by more than 60% heading into the final stretch of 2024, helping dealers clear inventory off their new-vehicle lots. +
The decision to eliminate the $7,500 consumer tax credit has led to speculation that a repeal could give Tesla an edge over competitors like Ford and GM. +
Dealer sales are up 6.9% year-over-year but finished down slightly in October as the market rebounded from the impacts of severe weather in the Southeast. +
Despite market challenges that included a parts shortage affecting some Rivian vehicles, EVs still outpaced the overall light-vehicle market in September. +
Even with major year-over-year increases in sales volume, new-vehicle inventory keeps rising with the arrival of the holiday season. +
In a new article for Digital Dealer, David Boice says a hybrid online/instore sales model is now not only the norm but the expected experience for today’s consumers. +
Despite the recent hurricanes that affected the market, October wholesale unit sales are still up by 11.6% year-over-year and 10% year-to-date.+
