LendingTree, the nation’s leading online loan marketplace, today released its study on auto debt by generation that found those between the ages of 39 and 54 shoulder the biggest load among its users, with nearly 60% of Gen Xers having an auto loan.
Tag: car shoppers
The 21.3% of consumers who plan to freshen up their driveway with a new car this year may experience sticker shock if they’re heading to the dealership for the first time in a few years, according to the car-shopping experts at Edmunds. Thanks to a combination of rising interest rates, longer loan terms and higher average transaction prices, Edmunds experts say, on average, a buyer could pay $6,500 more to purchase a new vehicle than they did five years ago.
More than half of auto show goers who bought vehicles after attending the events say the shows influenced their purchase decisions, according to a new study commissioned by Auto Shows of North America. The new study confirms what auto dealer groups have suspected for years.
NADA Used Car Guide presented a forecast of the used-vehicle market in the U.S., noting the used-vehicle supply is swelling and should reach pre-recession levels by 2017. The used-car market has enjoyed high demand and short supply after the recession causing used-car prices to reach all-time highs.