Key Takeaways Used car prices have increased 48% since 2019, with popular models like the RAM 1500 and Toyota Corolla seeing increases of more than 50%. Interest rates on used car loans have also increased by more than 50% over the past two years, increasing the financial burden on auto loan holders. Source: www.hotcars.com
Eric D. Lawrence DETROIT — Auto sales are expected to continue to decline in the second half of the year, although they remain historically high, according to auto industry economists. About 8.4 million new vehicles were sold in the first half of this year, down 2.3% from the same period in 2018. For the full year, sales are forecast to Read More
Sales for most domestic and Asian brands fell by double digits in September, even though analysts expect automakers to sell more than 17 million vehicles, the same number since 2015. Economic uncertainty and the growth of the used car market are not helping automakers. What does this mean to you:… Source: www.caranddriver.com
Mazda sold approximately 300,000 vehicles in the U.S. in 2022, ranking 15th. One of America’s best-selling car brands. Although it is far from the podium in terms of sales, mazda It performs well in several categories desired by consumers, the most important of which is vehicle reliability. Towards 2023, Source: www.hotcars.com
The three GT500 manufacturers are scheduled to drive one test car each to the Miyagi Prefecture circuit on Tuesday and Wednesday. Like the Nissan Z, the Toyota GR Supra also runs at Yokohama, and the Honda Civic Type R-GT uses Dunlop rubber for the first time. Nissan’s… Source: www.motorsport.com