US EditionSpring Survey: Consumers Plan to Buy Cars Despite Costs
- A 2025 survey by HarrisX and Allison Worldwide found that around 17% of consumers are very likely to buy or lease a car within the next year despite market uncertainty.
- This buying intent remains even though consumers face concerns about recent price increases, unpredictable tariffs, and a volatile auto market since 2020.
- Consumers plan steps such as making budgets, shopping around for better deals, and choosing affordable models to minimize rising costs amid a murky new and used car market.
- Experts highlight that spending no more than 20% of annual gross income on a car, qualifying for lower loan interest rates, and using budget apps can reduce overall expenses.
- Despite some cancellations, the continued interest suggests the uncertain market may not deter a significant portion of buyers who seek to plan and save carefully.
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31 Articles
31 Articles
All
Left
1
Center
28
Right
1
Coverage Details
Total News Sources31
Leaning Left1Leaning Right1Center28Last UpdatedBias Distribution93% Center
Bias Distribution
- 93% of the sources are Center
93% Center
C 93%
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