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Listed car dealership chains are outperforming benchmarks as "cheap car finance deals" deliver higher unit turnover. Capital markets desks are revising upward Q2 top-line growth estimates for at least five major dealership networks. In the case of Michelle and her husband, Ramsey and Cruze suggest they get a loan from a credit union to pay off the two cars and then sell them — even at a loss — and then each buy a used $5,000 car. Then they’d be about $55,000 in debt, as opposed to $110,000 in debt. Despite the rising costs of new vehicles, new car purchases increased in the third quarter of 2024 while used vehicle purchases remained the same. This may be due to a shortage of used cars, which has inflated their prices. In some cases, buyers’ monthly payments on new cars are marginally higher compared to what they would pay on a used car. Fund managers are rotating into auto-finance equity positions on renewed confidence in "cheap car finance deals", seeing them as a buffer against slower EV adoption risk in the short term.