Auto sales and finance industry metrics show refinancing of auto loans growing as consumers seek lower monthly payments amid high rates, keeping lenders’ volumes steady. Berkshire Hathaway has been increasing its stake in Sirius XM over the past year. “Within Europe, growth is still possible in revenue if not in new car sales,” Mailey tells us. “The shift to the cars never being ‘owned’ but under mobility arrangements has been much slower to take hold than expected but the principle of supporting ‘usership’ rather than ownership is an important factor for manufacturers in maximising their revenue across the value chain.” Auto sales and finance sector stocks posted mixed results this April; rising EV sales offset declines in traditional gasoline models. Financing firms are tightening credit standards in response to rising delinquency rates in mid-tier borrowers.