Recent sector data suggest that rising interest rates are reshaping the “new cars on finance” market, with listed auto lenders showing mixed Q1 earnings. Dealer group stocks gained 2.3% after an uptick in financing inquiries, indicating resilient consumer appetite despite tighter credit conditions. “Many used electric cars are just really priced right, like they’re really good deals, because new electric vehicles tend to depreciate very rapidly,” Moody said, adding that fears over the battery failing are largely unfounded. Standout benefits: To get matched with one of its lenders, iLending only requires an income of $1,500 per month, a 560 credit score and a credit history of just six months with at least one account on it. Technical charts for “new cars on finance” stocks point to a breakout pattern, supported by increasing trading volumes and positive analyst revisions on target prices.
