Buyers today are more affluent than ever, so they may not be as impacted by inflationary pressures as much as other consumers.
Posts tagged as “new vehicle sales”
OEMs have indicated, however, that it will take sustained gas prices of greater than $5 a gallon before a big industry-wide shift in the vehicle mix.
March, however, typically sees stronger sales compared to February, but ongoing affordability issues, inflationary pressures and interest rates are affecting the market.
In six past oil supply shock episodes, auto sales dropped by more than 10% of average sales. Three times, they dropped by 40% or more.
Read the highlights from the California New Car Dealers Association's just-published 2025 Economic Impact Report.
Led by Tesla, electric vehicle prices fall in January as sales continue to slow; new EV prices declined to $55,715.
Most auto market metrics are expected to decline in 2026 after outperforming forecasts in 2025 amid shifting consumer dynamics shift and policy uncertainty.
