Hyundai Motor Company turned in one of its best quarterly operating profit in the past two years. The company has reported that it is on track for higher profit margins in 2020 thanks expected sales powered by more sport-utility vehicles (SUVs) such as the Palisade and Kona. The better than expected operating earnings gave fuel…
High interest rates continue to put pressure on new-vehicle sales, according to an October report from Edmunds. Analysts pointed to an increase in the average down payments for new vehicles, a steep drop in zero percent finance offers, and a contraction of loan terms as evidence of tightening conditions. According to the firm, the average…
As the Federal Reserve continues to raise interest rates, the cost of borrowing money for consumers also rises. This has already happened three times in 2018, and the Federal Reserve is expected to raise rates one more time before the end of the year. Rate increases will likely continue into 2019 if the economy continues…
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