Fed rate cut unlikely to boost US auto sales in Q4

Спасибо! Поделитесь с друзьями!

Вам не понравилось видео. Спасибо за то что поделились своим мнением!

Добавлено 1 месяц назад от Филиппова

9 Просмотры

“Financial conditions will still be slower to ease than they were to tighten,” Peter Nagle, associate director of research and analysis at S&P Global Mobility, said in an email. Auto lending-specific issues such as “the focus on credit quality (higher FICO requirements) and restrictive loan-to-value ratios” will continue to limit the “pool of potential borrowers and restrain demand.”

Lower interest rates on auto loans won’t drive additional retail sales in the short term because lenders lowered interest rates ahead of the rate cut, said Tyson Jominy, vice president of data and analytics at J.D. Power. In August, the average auto loan interest rate for new vehicles dropped 41 basis points to an estimated 9.95%, according to Cox Automotive, accounting for the vast majority of the rate cut.

#FedRateCut #AutoSales #USAutoMarket #EconomicOutlook #CarIndustry #Q4Forecast #MarketTrends #FinancialPolicy #ConsumerConfidence #AutomotiveNews #InterestRates