In this post, Maryann Keller, Principal of MK&A, explains that new car sales, auto lending originations, and used car values are facing numerous hurdles. Maryann explains: “there are elements of a perfect storm brewing in the vehicle market. No one should be surprised by the recent decline in the seasonally adjusted selling rate as lenders make prudent decisions with respect to whom and on what terms they will extend automotive credit.”
You can view Maryann’s post by clicking the link below:
Photo Credit: USA Today.