Reported 6 months ago
According to Cars Commerce Senior Director of Industry Data and Insights, Rebecca Lindland, the auto industry is showing signs of stabilization despite facing obstacles like tariffs, dips in electric vehicle demand, and auto worker strikes. Prices for used cars have been high, but there is a shortage due to fewer people turning in leased vehicles. Consumers are encouraged to utilize tools like payment calculators on sites like Cars.com to find vehicles that suit their budgets. Additionally, the electric vehicle market is experiencing volatility, with more choices and variety for consumers. Inflation and insurance costs are also impacting the types of vehicles people are considering purchasing.
Source: YAHOO