Rising interest rates, car prices trigger peak in US auto loan delinquencies

25Oct

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Automobile

Rising interest rates, car prices trigger peak in US auto loan delinquencies

Americans are falling behind on their car payments at number not seen in about 30 years. The National Automobile Dealers Association has warned that a combination of recent “surging interest rates” and “higher vehicle prices” will continue to “put further pressure on vehicle affordability” going forward, hampering the ability of consumers to purchase a car. Full story: https://san.com/cc/rising-interest-rates-car-prices-trigger-peak-in-us-auto-loan-delinquencies/ Follow Straight Arrow News on social media: Facebook: https://www.facebook.com/straightarrownews Twitter: https://twitter.com/StraightArrow__ Instagram: https://www.instagram.com/straightarrownews/ TikTok: https://www.tiktok.com/@straightarrownews Threads: https://www.threads.net/@straightarrownews For more SAN content: https:/...

8Sep

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Automobile

Is the era of inexpensive cars over? Why auto prices are on the rise in America

The average price of cars has soared in recent years, and buyers are being further squeezed by rising interest rates. It’s hitting Gen Z and millennials particularly hard — in 2022, people aged 18 to 39 had more than $20 billion in auto loans more than 90 days overdue. Tom Krisher, who covers the auto industry for the Associated Press, joins John Yang to discuss. Stream your PBS favorites with the PBS app: https://to.pbs.org/2Jb8twG Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/new...

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

17Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

16Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ

16Aug

By 10 Comments

Automobile

What Do an Uneven Car Supply and Rising Interest Rates Mean for 2023's Auto Sales? | WSJ

Rapidly rising interest rates have made monthly car payments more expensive for many buyers. At Adam Lee’s Jeep dealership, customers are seeing something they haven’t in years: lots of new cars. But while supply is returning, higher interest rates are hitting demand and sparking concerns that 2023 could be another turbulent year for the car industry. Photo Illustration: Adam Falk 0:00 Will 2023 be a boom or bust year for the car industry? 0:57 What rising car inventories could mean for the auto market 2:42 Why many vehicle prices aren’t exactly reasonable right now 4:25 What factors this year will affect car demand? 5:35 How 2023 could actually be a 'sweet-spot' year for the industry #Car #SupplyChain #WSJ