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.
Tag: truck shoppers
Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today released its February shopper interest data results, showing how much luxury-oriented consumers are now cross-shopping full-size pickup trucks. In February, the full-size pickup truck segment climbed four spots from last year and now represents the third most-shopped segment, the highest it’s ever been according to Jumpstart.
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.