Car buyers are nervous for a variety of reasons. Rising interest rates, stagnant inflation-adjusted wages despite low levels of unemployment, and rising vehicle costs due to steel tariffs are all blending to give consumers the jitters. This hesitancy is increasingly showing up in monthly vehicle sales. The cost of new vehicles, we have seen, is driving renewed interest in used vehicles. But it’s also doing good things for the vehicle leasing market.
Read the full article at Cantin Automotive Insider.