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Auto Sales

All articles tagged with #auto sales

business29 days ago•3 min saved

U.S. auto market bifurcates as affluents buy pricier new cars while lower-income buyers pull back

Affluent buyers are taking over new-car purchases at higher prices while lower-income shoppers retreat, signaling a K-shaped economy: the share of buyers earning under $100k dropped from 50% in 2020 to 37% in 2025, and those earning over $200k rose from 18% to 29%. With average MSRP around $51k in 2025, higher insurance costs and inflation, automakers have cut entry-level models and rely on wealthier buyers. About a third of Americans can’t afford new cars (roughly 110 affordable models for incomes ≤$65k vs 250 for ≤$105k), and average monthly payments rose to over $1,000 for 20% of buyers in Q4. Overall new-car sales cooled to 16.3 million in 2025 from over 17 million pre-2020, raising concerns that affordability constraints could shrink the market in the coming years.

via CNBC|

#affordability #auto-sales #business

business1 month ago•1 min saved

US Auto Sales Surge in 2025 Despite Challenges and Predictions

U.S. auto sales reached their highest since 2019 in 2025, defying earlier expert predictions that Trump's trade policies would harm the industry. Major automakers reported record sales, and policies such as tariffs and regulatory changes are credited with boosting American vehicle manufacturing and saving consumers money.

via The White House (.gov)|

#auto-sales #business #made-in-america

business2 months ago•16 min saved

CarMax Q3 2026 Results Show Profit Dip Amid Market Challenges

CarMax reported a decline in used vehicle sales and earnings for Q3 FY2026, with leadership changes and ongoing cost reduction efforts, while auto finance income increased and share repurchases continued.

via CarMax|

#auto-sales #business #carmax

business4 months ago•1 min saved

California's New CARS Act Simplifies and Enhances Car Buying Experience

California has enacted the CARS Act, a comprehensive law signed by Governor Newsom that enhances consumer protections in auto sales, including stricter advertising rules, mandatory disclosure of costs, a three-day return policy for used cars under $50,000, and record-keeping requirements for dealerships, set to take effect in October 2026.

via Yahoo! Autos|

#auto-industry #auto-sales #business

economy5 months ago•6 min saved

US Retail Sales Rise in August Despite Economic Challenges

August retail sales increased by 0.6% from July, with a three-month average growth of 0.73%, indicating strong consumer spending despite inflation mainly driven by services. Auto sales showed volatility due to prior tariff fears, but overall retail categories like apparel, ecommerce, and restaurants are experiencing growth, reflecting robust consumer confidence and shifting purchasing patterns, including a move away from foreign direct sales and towards US-based retailers.

via Wolf Street|

#auto-sales #consumer-spending #ecommerce

economy6 months ago•2 min saved

Retail Sales Increase 0.5% in July Despite Tariffs

Retail sales increased by 0.5% in July, driven by auto sales and consumer purchases of furniture and other goods, amid economic uncertainty and anticipation of higher prices due to tariffs. The data suggests resilient consumer spending, although some of the increase may be attributed to price hikes and pre-tariff shopping behavior.

via Yahoo Finance|

#auto-sales #consumer-spending #economic-uncertainty

business8 months ago•4 min saved

US Auto Sales Decline as Tariffs Cool Market

US auto sales surged earlier in the year due to consumers rushing to buy cars before tariffs increased prices, but the momentum has slowed down as demand cools, prices rise, and economic uncertainty grows, leading to a projected decline in annual sales to around 15 million vehicles in the second half of the year.

via Bloomberg.com|

#auto-sales #business #car-prices

business8 months ago•4 min saved

US Auto Sales Fluctuate Amid Tariff-Driven Buying and Cooling Trends

US auto sales declined sharply in June after a brief surge earlier in the year due to consumers rushing to buy cars before tariffs increased prices. Rising tariffs, inflation, and economic uncertainty have led to higher vehicle costs and reduced consumer demand, with analysts predicting continued slowdown and higher prices in the coming months.

via New York Post|

#auto-sales #business #car-prices

economy8 months ago•1 min saved

US Retail Sales Decline Signal Economic Slowdown

Retail sales in the US declined by 0.9% in May, mainly due to a drop in auto sales and other categories, as consumers pulled back amid tariff concerns, though some discretionary spending remained resilient. Despite the decline, overall consumer spending is expected to grow in the upcoming quarter, supported by steady inflation and low unemployment.

via Newser|

#auto-sales #consumer-spending #economic-outlook

economy8 months ago•2 min saved

US Retail Sales Drop Significantly Amid Tariff Uncertainty

US retail sales declined by 0.9% in May, the largest drop in two years, largely due to tariff-related uncertainty causing a frontloading of purchases earlier in the year, especially in autos. While core retail sales showed some resilience, economists warn of a potential slowdown as tariffs impact disposable incomes and consumer behavior in the coming months.

via Financial Times|

#auto-sales #consumer-spending #economic-slowdown

economy8 months ago•2 min saved

US Consumer Spending Declines in May Amid Tariff Concerns

U.S. retail sales declined by 0.9% in May, driven by a drop in auto and appliance sales, amid ongoing tariff concerns, though some categories saw increased spending; the data complicates the economic outlook, reflecting consumer caution or a post-spending slowdown.

via Axios|

#auto-sales #consumer-spending #economic-indicators

economy8 months ago•3 min saved

US Retail Sales Drop Sharply in May Amid Tariff Concerns

US retail sales fell by 0.9% in May, the largest drop in four months, mainly due to decreased auto purchases amid tariff concerns, but some sectors like online and clothing sales showed growth. Despite the decline, consumer spending remains supported by solid wage growth, though risks such as a slowing labor market and tariff impacts could dampen future growth.

via Reuters|

#auto-sales #consumer-spending #economy

automotive1 year ago•1 min saved

Record High Vehicle Ages in the U.S. as Owners Hold On Longer

The average age of cars, trucks, and SUVs in the US has reached a record 12.6 years in 2024 due to high new vehicle costs, though the growth in average age is slowing as new vehicle sales recover. With new vehicle prices averaging over $45,000, many consumers are keeping their older vehicles longer. Factors such as the decision between electric, hybrid, or gasoline vehicles and concerns about charging infrastructure also play a role. New vehicle sales are expected to rise to 16 million this year, which may stabilize the average vehicle age.

via Newser|

#auto-sales #automotive #electric-vehicles

economy2 years ago•1 min saved

"GM's 2023 U.S. Sales Surge to Best in Years Despite Challenges"

General Motors experienced a 14% increase in U.S. auto sales in 2023, selling 2.6 million vehicles as supply chain issues eased. However, Q4 sales showed signs of slowing, potentially due to rising interest rates. Electric vehicle sales grew, with GM selling nearly 76,000 units, but the overall EV market is expanding slower than anticipated. Despite the sales jump, GM's stock dropped by 2.5% following the announcement.

via The New York Times|

#auto-sales #economy #electric-vehicles

business2 years ago•1 min saved

"GM Leads 2023 U.S. Auto Sales Surge Despite Market Challenges"

General Motors (GM) has maintained its position as the top-selling automaker in the U.S. for 2023, with sales up 14.1% to 2,594,698 units, surpassing Toyota's 6.6% increase to 2,248,477 vehicles. The U.S. auto industry experienced its best year since the pandemic, with total vehicle sales reaching 15,499,224, the highest since 2019. Despite high vehicle prices and interest rates, demand for new vehicles remained strong, with electric vehicle (EV) sales also on the rise, accounting for about 8% of total auto sales in 2023. However, analysts caution that high interest rates may dampen demand in the coming year, including for EVs.

via Reuters|

#auto-sales #business #electric-vehicles