Auto Facts
 
 

 

Top 10 best-selling autos in October
Posted on: 11/05/2018

The top 10 best-selling vehicles in October and year-to-date as reported by Automotive News.  GM sales are estimated.

Oct.     10 mos.
1 Ford F series 70,438   Ford F series 749,456
2 Ram pickup 49,186   Chevrolet Silverado* 469,300
3 Chevrolet Silverado* 44,897   Ram pickup 424,769
4 Toyota RAV4 34,004   Toyota RAV4 353,151
5 Chevrolet Equinox* 28,093   Nissan Rogue 337,727
6 Honda CR-V 27,825   Honda CR-V 305,446
7 Nissan Rogue 27,748   Toyota Camry 289,801
8 Toyota Camry 26,914   Honda Civic 277,486
9 Honda Accord 23,778   Chevrolet Equinox* 262,472
10 Honda Civic 22,450   Toyota Corolla 257,188


Top 10 best-selling cars in October
Posted on: 11/05/2018

The top 10 best-selling cars in October and year-to-date as reported by Automotive News.  GM sales are estimated.

  Oct.     10 mos.
1 Toyota Camry 26,914   Toyota Camry 289,801
2 Honda Accord 23,778   Honda Civic 277,486
3 Honda Civic 22,450   Toyota Corolla 257,188
4 Toyota Corolla 22,020   Honda Accord 239,077
5 Hyundai Elantra 18,312   Nissan Sentra 182,758
6 Tesla Model 3* 18,000   Nissan Altima 180,005
7 Nissan Sentra 17,611   Hyundai Elantra 167,191
8 Ford Fusion 15,932   Ford Fusion 140,896
9 Chevrolet Cruze* 14,874   Chevrolet Cruze* 124,536
10 Nissan Altima 13,406   Chevrolet Malibu* 120,326


Top 10 best-selling light trucks in October
Posted on: 11/05/2018

The top 10 best-selling light-trucks in October and year-to-date as reported by Automotive News.  GM sales are estimated.  

  Oct.     10 mos.
1 Ford F series 70,438   Ford F series 749,456
2 Ram pickup 49,186   Chevrolet Silverado* 469,300
3 Chevrolet Silverado* 44,897   Ram pickup 424,769
4 Toyota RAV4 34,004   Toyota RAV4 353,151
5 Chevrolet Equinox* 28,093   Nissan Rogue 337,727
6 Honda CR-V 27,825   Honda CR-V 305,446
7 Nissan Rogue 27,748   Chevrolet Equinox* 262,472
8 Ford Explorer 21,935   Ford Escape 230,565
9 Toyota Highlander 20,548   Ford Explorer 218,805
10 Toyota Tacoma 20,534   Toyota Tacoma 204,44


How times have changed
Posted on: 10/11/2018

Only a small number of buyers can remember the old days when the normal for car loans was 24 months.  Back then a large percentage of buyers only wanted 12 months or 18 months.  And under no circumstances did buyers consider trading a car before the final payment was made.

Now, with rare exceptions, its unheard of for a new-vehicle buyer to finance for only 24 months.  The normal is now 6 and 7 years.

Here are the percentages of new-vehicle loan originations by the term as reported by the Experian Q2 2018 State of the Automotive Finance Market report:     

Term (months)                                Percent

    49-60                                              19.4%

     61-72                                              40.2%

     73-84                                             32.0% 

     85-96                                                1.2%



Average rates & down payments on used vehicles
Posted on: 10/06/2018
The average used-car interest rate, down payments, rise in September

For borrowers, the average interest rate on a used-vehicle loan and the average monthly payment on a used-vehicle loan rose last month. To mitigate the increases, consumers boosted down payments, while loan lengths stayed relatively flat.
  Sept. 18 Sept. 17
Term (in months) 66.95 66.81
Monthly payment $401 $386
Amount financed $21,697 $21,380
APR 8.38 7.52
Down payment $2,657 $2,494

Source: Edmunds




 
 
 
 
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