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Automotive Industry:United States: Difference between revisions
Automotive Industry:United States (view source)
Revision as of 23:00, 11 October 2024
, 11 October 2024→Affordability
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== Affordability == | == Affordability == | ||
[[US Auto Affordability: Historical Releases]][[File:Screenshot 2024- | [[US Auto Affordability: Historical Releases]] | ||
[[File:Screenshot 2024-10-11 165655.png|alt=|center|thumb|719x719px|https://www.coxautoinc.com/market-insights/march-2024-vai/]] | |||
[[File:Screenshot 2023-10-10 110727.png|center|thumb|698x698px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]] | |||
=== September 2024 === | |||
* The estimated average auto loan rate declined in August by 41 basis points to 9.95%1, the lowest average rate in more than a year.<ref>https://www.coxautoinc.com/market-insights/august-2024-vai/</ref> | |||
* The typical payment in August declined 1.6% to $737, the lowest in two years. | |||
* The number of median weeks of income needed to purchase the average new vehicle declined to 36.1 weeks from a downwardly revised 36.8 weeks in July, reaching the lowest level since May 2021. | |||
=== June 2024 === | === June 2024 === | ||