Vehicle affordability pressures push buyers toward older cars and hybrids, report finds

Vehicle affordability pressures push buyers toward older cars and hybrids, report finds

On the Dash: Affordability pressures continue to push shoppers from new vehicles into older, higher-mileage used inventory. Hybrids remain one of the strongest growth segments, with used hybrid sales up 34% year to date. Tariffs, higher monthly payments and elevated interest rates are reinforcing OEM strategies focused on higher-margin vehicles. Vehicle affordability challenges are reshaping consumer behavior as new-vehicle prices remain above …