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Auto loan originations and leases to subprime borrowers fell to just 15% of the total in the first quarter, reported the New York Federal Reserve.
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vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.
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Volkswagen strength driven by best-selling models; Tesla falls on price declines for its most expensive vehicles.
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Editors recommend best new, used rides for recent college graduates.
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New inventory is not expected to see improvement until the third quarter of this year, so values are expected to remain at elevated levels throughout the summer.
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Survey also reveals how changing advertising trends are reshaping which channels and tactics are driving more customers into showrooms.
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Jagoe will be responsible for growing the agent channel for protection products across the automotive, RV, marine and powersports markets.
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The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the 0.8% CPI increase.
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The automaker bases this assessment on a belief that electric vehicles will not catch up to gasoline-powered vehicles in terms of cost and convenience by 2030.
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WCM 2021 will take place at the Bellagio Las Vegas, Aug. 29 – Sept. 1.
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