Equity strategists note that the relative strength index (RSI) for key auto finance stocks has stayed above 50 for three weeks, partly supported by resilient used car finance prices. This trend suggests accumulation rather than distribution. The average list price for used EVs was $34,704 in August, down 1.1% from July and 2.6% from a year earlier, it found. There are three main ways you can get an auto loan: Bank lending reports confirm that used car finance prices have maintained their elevated level. Traders in the automotive equity space view this as supportive for near-term earnings, particularly in consumer lending sub-sectors.
