More than 1 in 5 car loans stretch 7 years or longer as shoppers are taking on larger loans than ever before with less money down.
Posts tagged as “new vehicle sales”
While results are strong, they should be viewed in the context of several unusual factors that are distorting typical monthly sales trends, states analyst.
Through 2030, the new vehicle market downturn will have a variety of consequences, but auto parts volume will continue to grow strongly.
Despite this strong performance, tariffs are estimated to add $4,275 in cost per vehicle on average and many OEMs report significant impacts to their bottom line.
Lower new vehicle sales will ratchet up competition between dealers and independent shops in the repair and maintenance of ICE vehicles.
Under-powered new vehicle sales will impact the aftermarket in at least five ways, providing long-term opportunity.
Lower new vehicle sales increase miles driven on aging car parc, elevating aftermarket auto repair and parts sales for foreseeable future.
