According to a recent report from the California New Car Dealers Association (CNCDA), the new vehicle market fell 16.1% in the first nine months of 2022.
“It’s not surprising that folks who want those vehicles are willing to pay more,” responded Maas.
“The challenge going forward is, can the industry respond by making more affordable vehicles for lower and middle class Californians who maybe can’t afford a 60, 70, $80,000 vehicle,” said Maas. “Unfortunately, at least in the current market we are skewing toward middle and higher income Californians for new cars,” said Maas.
“It is certainly going up. You’re not seeing many ads for zero-percent financing for vehicles. Very, very few,” said Maas. “That’s reflective of the fact that overall interest rates are higher, so my guess is somewhere 5, 6, 7% probably is going to be typical for a high FICO score consumer.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Buying Culture: 2022 Ford Maverick XLT vs. 2022 Honda Civic SportDoes the Ford Maverick make small cars obsolete? We compare it with a 2022 Honda Civic Sport to find out.
Consulte Mais informação »
California 2022 election live results: governor, senator and state officesCALIFORNIA ELECTION RESULTS: Check out live results in the races for governor, US senator, attorney general, and California's other state offices.
Consulte Mais informação »
Election results 2022 California - LA County Sheriff candidates await election resultsIncumbent sheriff Alex Villanueva is having his Election Day party in Montebello while Luna is holding his at The Grand Hotel in Long Beach.
Consulte Mais informação »
Election results 2022: Latest results, video, reports from across CaliforniaIt's Election Day, and voters are casting their ballots across the Bay Area and California.
Consulte Mais informação »
2022 election: California House races live resultsSee who won and lost in each of California's 52 congressional districts in the 2022 midterm election.
Consulte Mais informação »
2022 California midterm election: Live resultsWe're tracking races across the country, state and Southern California. See the latest election results at
Consulte Mais informação »