Auto Loan Payments, Rates Hit Record Highs
The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.
U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence.
Report forecasts production cuts resulting from issue this year.
Report shows car loan amounts, down payments rising along with interest rates.
Company plans to showcase new ways to speed up cash flow at NADA 2023.
Early figures show about 10% drop, but there was a late-year surge.
NADA report shows business weakest in years.
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021.
In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles.
Lawsuit that sought to bar such sales in the state by Rivian, Lucid dismissed.
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