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More Trade-Ins Pulled Underwater As Negative Equity Level Rises
As more consumers trade-in their old vehicles for a newer model, a growing number of consumers are owing more on their trade-in than their vehicle’s actual worth. Automotive News reports a gradual...
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More US Consumers Signing Long-Term Auto Loans
In the past, six-year auto loans were few and far between. Today, more of those loans are being issued, with seven- and eight-year loans gaining popularity. NPR reports such loans are helping to fuel...
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US Spending On New-Car Purchases Hit All-Time High In May 2015
As loan terms continue to stretch further into the future, spending on new-car purchases hit a new all-time high in May 2015. Consumers spent a record $52 billion on their vehicles of choice, The...
View ArticleMillennials Like Cars (Full Stop) and Are Warming up to Leasing
It’s long past time to put the bike (myth) away. Outside of certain urban centers, Millennials are cuckoo for cars. Jobs and families and lifestyles, you see. As more members of the youngest car buying...
View ArticleAmerican Car Buyers Can’t Get Enough of Long-Term Car Loans
The low, low monthly payments offered by spreading the cost of a new or used vehicle across a vast gulf of time is certainly an attractive one, even though the practice is fraught with hidden danger....
View ArticleHow Do Americans Manage to Pay Record High Prices for New Cars in 2017? By...
ALG says new vehicle prices averaged $32,900 in June 2017, up 2 percent from last year and a record high for the month of June. Yet month after month, for six consecutive months to begin 2017,...
View ArticleIf U.S. Auto Sales Were Growing Like Canadian Auto Sales, Americans Would Buy...
In concert with the American auto industry, Canada’s auto industry reported an all-time record year of sales in 2016. The difference? In Canada, 2016 represented the fourth consecutive year of record...
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