vehicles

Used car loan payments passed a key level

Used car loan payments passed a key level

Buying a used car remains expensive even though supply chain bottlenecks have eased, bringing the average loan size to $28,506. Consumers still rely heavily on financing for car purchases, and the average loan size rose 8.59% year-on-year, according to credit rating firm Experian. There are still some glimmers. “Since the beginning of the inventory shortage, …

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Tesla is still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

Tesla is still dominant, but its market share in the United States is eroding as cheaper electric vehicles arrive

You’re here is still the best-selling electric vehicle brand in the United States, but its dominance is eroding as competitors offer a growing number of more affordable models, according to a report released Tuesday by S&P Global Mobility. The data company found that Tesla’s market share of new U.S.-registered electric vehicles was 65% in the …

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