Prime and above customers fled the new-car market in recent years, finding quality and cost-effective alternatives on used-car lots. But aggressive incentive activity from automakers in the second quarter reversed that trend, credit bureau Experian said last week, allowing captive automakers to reclaim market share of its most desired consumer …
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Aggressive incentives bolstered the new-vehicle market in May, dragging down the average interest rate on a loan to its lowest level since 2013, Edmunds said. But as the parade of finance deals marched through Memorial Day, fewer buyers took the bait. The economic pressure caused by measures to slow the …
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Automakers are offering new incentives and support for current borrowers and lessees during the ongoing COVID-19 pandemic. For current owners, rescheduling payments is an option on a case-by-case basis. With these offers in hand, now might be a good time to buy a new car. As this year’s automotive sales …
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