AutoSuccess

SEPTEMBER 6, 2024

According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans. This is a significant increase from two years ago, when the average new car interest rate was 4.1% for used car loans, according to Car and Driver.

Vehicle 98

Vehicle Insurance Finance Used Cars 98

AutoSuccess

DECEMBER 13, 2024

The latest survey, conducted immediately following the national election in early November, indicates that, while current market conditions are still viewed as weak, dealers are increasingly optimistic about the future. This significant increase suggests that more dealers believe the auto market will be stronger in the next three months.

Automobile 52

Automobile Auto Market Retail Automotive 52

Auto Remarketing

JUNE 12, 2024

The index for the second quarter of 2024 was virtually unchanged from the previous quarter and has varied little since falling below 50 in late 2022 — but that level indicates a prevailing perception of a weak market. While franchises rated the overall market at 49 – just below threshold – independents gave it a 40.

Automotive 52

Automotive Automotive Marketing Auto Market Retail 52

AutoSuccess

MARCH 19, 2024

For franchised dealers, the profitability index has declined significantly from the first half of 2022, when the index was near a record high and above 80. Beginning in the second half of 2022, the index has dropped significantly and, in Q1 2024, hit 41 – the lowest point in the survey’s history excluding Q2 2020.

Automotive 52

Automotive Vehicle Automobile Electric Vehicles 52

AutoSuccess

JUNE 11, 2024

The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. The last time current market sentiment was above 50 — suggesting the market was strong, not weak — was Q2 2022. The cost index in Q2 is at a record high, matching the peak in Q2 2022.

Automobile 52

Automobile Automotive Vehicle Retail 52