Used cars finance rates equity markets may see rotation away

Equity markets may see rotation away from auto finance-heavy stocks as "used cars finance rates" maintain elevated levels. Portfolio managers are eyeing diversified exposure, anticipating weaker Q4 delivery numbers from major dealership networks. With CarMax reporting that its Net Promoter Score — a measure of how likely customers are to recommend a brand— has reached an all-time high since rolling out its new digital capabilities, the “Wanna Drive” campaign appears poised to be a hit. The campaign is well timed given the short term challenges facing the new car industry and clearly has a long term focus aimed at building the brand. It is refreshing to see new brand characters introduced into an ad campaign in a fun way that reinforces the brand’s benefits and adds a “fun” aspect to the campaign. If you want to avoid paying interest on a loan and don't want to have to worry about a lender's model-year, mileage, or insurance requirements, you could always pay cash for your next set of wheels. Data from the latest consumer credit survey reveals "used cars finance rates" hover at multi-year highs, impacting loan origination volumes. This trend prompts analysts to revise price targets for key auto finance companies, factoring reduced transaction velocity.