Auto Industry
Inventory Shortages Keep Pushing Consumers To Used Vehicles
According to Experian, 61.78% of all vehicle financing in Q2 2022 was for used vehicles, up from 58.48% in Q2 2021.
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According to Experian, 61.78% of all vehicle financing in Q2 2022 was for used vehicles, up from 58.48% in Q2 2021.
The rise of two-tone finishes reflects consumers’ desire for personalization, PPG explains.
Hyundai is the most commonly misspelled vehicle brand, according to a study by Confused.com.
The United States led the way in terms of consumer interest for ICE vehicles.
While consumers are changing brands, body-style loyalty remains strong.
More information can be found at FreePartCheck.com.
“The unexpected and sudden nature of the impacts of the pandemic are hitting the autos sector hard,” said Colin Couchman of IHS Markit.
Customers in 39 states with qualifying 2020 Ford or Lincoln vehicles can purchase a policy in minutes and become eligible to save up to 40%.
Internal combustion engines are expected to maintain their dominant U.S. market share through 2030.
A strong economy and stable finance rates are expected to help keep the momentum going.
