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May US New Vehicle Sales Increased by 22.8% Year Over Year
May US New vehicle sales increased 22.8% from 1,119,384 units in May 2022 to 1,374,910 units in May 2023. While there was one additional selling day in May 2023, the magnitude of this increase is…
Total Unsecured Personal Loan Balances Grew by more than 33% in 2022
In 2022, total unsecured personal loan balances grew by more than 33% to $177 billion. The $44 billion increase came as the Fed began its rate hike, increasing the federal funds rate by 400 bps…
B2B Marketing has Nearly Returned to 2019 Levels, Growing by 16.9% in 2022 to $49.9 Billion
According to Winterberry Group, business-to-business (B2B) marketing has nearly returned to 2019 levels, growing by 16.9% in 2022 to $49.9 billion. The responses to Covid appear to have caused a permanent shift in B2B budgets,…
North America and China Make No Vehicle Production Cuts amidst Continued Global Chip Challenges
While Global microchip production has slightly improved over recent months, output volume continues to pose challenges for global automotive manufacturing facilities. As a result, automotive manufacturing facilities are continuously revising year-end forecasts. However, in the…
Auto Credit Harder To Get
Cox Automotive reported that access to automotive credit waned in April for all auto loan types. Cox’s All-Loans Index fell 1.5% in April to its lowest level since February 2021. Availability was reported 8.5% tighter…
