article thumbnail

Changing Auto Buyer Behavior: Tips to Help Dealers Adapt

Automotive Mastermind

Still, S&P Global Mobility notes the average APR has risen for the upper-level credit tiers, but not for the lowest tier, including credit scores between 300–600. APR in August versus 5.4% According to S&P Global Mobility, credit unions now offer the lowest average rates in the industry at an average 4.7% for captives and 6.2%

Buyer 52
article thumbnail

Why Dealers Need to Keep Marketing – Even with Low or No Inventory

Automotive Mastermind

auto market is struggling, impacted by supply chain, labor, logistics, inflation, and wider economic concerns,” said Chris Hopson. .” According to early S&P Global Mobility forecasts, U.S. sales volumes are expected to reach 14.8 million units in 2023, an estimated increase of 7.0% “The U.S.

article thumbnail

Mitsubishi Hits the Brakes on US Shipments as Tariff Troubles Deepen

Automotive Addicts

percent APR for qualified buyers. That 100-day supply may sound like a cushion, but when it runs dry, the new normal could include fewer choices, higher prices, and stiffer financing terms. With a fragile supply chain, rising costs, and wavering dealer support, the brands U.S. percent to a less appealing 4.99