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Over half of insurance holders ages 18 to 29 reported to be 'somewhat' likely to change providers in the next 90 days, according to CivicScience, which found that interest was lower among older age groups.
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Consumer bright spots don’t make up for erosion in other areas
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With the new-car dream narrowing, dealers can still help budget-bound consumers.
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Consumers get a three-fold break in October as affordability conditions take a turn for the better.
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Average payment at two-year low while income needed to buy the least in three-plus years.
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Affordability metrics improved in May as lending costs ebbed, finances flowed more freely.
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Slight incentives pullback pushes ATP to its highest of the year, but Cox expects them to resume along with inventory.
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U.S. market is still weighted toward luxury models, though, and consumers are pinched because their incomes haven’t kept pace with the increases.
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New-vehicle buying conditions far better than a year earlier as market shifts to the buyer.
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