Sentences with phrase «auto market rose»
Sales in the world's biggest auto market rose 26.3 percent to 1.6 million...
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In a blog post accompanying the report, New York Fed economists including Lee said subprime auto lending is «definitely on the rise,» a change in the consumer lending market that they will keep monitoring.
Spending on autos was a key element of growth for the economy in 2016, with sales reaching record levels, but the latest figures again fell short of market expectations, despite rising inventories leading to heavy discounting by manufacturers.
The association projected a rise of 8 % -10 % for the overall auto market, to about 24 million units, and as much as an 11 % gain for passenger vehicles, to nearly 20 million units.
«Purchases are being driven by rising household wealth — the key driver of the luxury auto market — which is being buoyed by strong equity market performances across much of the globe and ongoing house price appreciation,» said Gomes.
«When you look at the broader economy, including a strong job market, rising wages, low inflation and low interest rates, and couple them to low fuel prices and strong consumer confidence, you have everything you need for auto sales to weather headwinds and remain at or near historic highs,» said Mustafa Mohatarem, GM chief economist.
The rising levels of air pollution in the national capital forced the government to ban diesel vehicles, throwing automakers and the auto market into chaos.
In the worst case, consumers are not able to spend as their debt rises, repossessions skyrocket, the auto market seizes up and the overall economy stalls.
Then there's a flock of former lease cars expected to hit the used car market in 2013, reflecting a rise in auto leases three years ago.