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Equipment Finance Industry Confidence has Rebounded in Recent Months
The Equipment Leasing and Finance Foundation’s Monthly Confidence Index for the Equipment Finance Industry reports a qualitative assessment of both the prevailing business conditions and expectations for the future as reported by key executives in…
The Average Age of Light Vehicles in the US has Reached a Record High 12.5 Years
The average age of cars and light trucks in the US continued to increase in 2023 to 12.5 years, up over 3 months from 2022. This marks the sixth consecutive year that the average vehicle…
Domestic Automotive Brands have Rebuilt Strong Inventories ahead of a Potential UAW Strike
Domestic automotive brands have rebuilt strong inventories ahead of a potential UAW strike. Stellantis, in particular, currently holds 136 days of supply at Dodge, 125 at Chrysler, 115 at Ram, and 95 at Jeep. Historically,…
New Car Prices Remain Elevated despite the Rise in Interest Rates and Fears of Overproduction
In June 2023, the average price of a new car rose to $46,265, 5.8% over Jun-22 and 8.5% above MSRP. The strong demand for new vehicles and inflation has driven manufacturers to increase average MSRP…
New Home Listings Declined 30.6% in June 2023
In June, new home listings declined 30.6% year over year to its lowest level on record excluding April 2020. Homeowners remain hesitant to sell as the majority would incur a significantly higher interest rate on…
