Is the $787 Car Payment the New Normal? CPI 3.7%, Andrea Sells Cadillac (10.14)
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Bridget and Jim Fitzpatrick are joined by Jessica Caldwell, Head of Insights at Edmunds, and Andrea Anderson, Salesperson at Andrews Cadillac, known as "Andrea Sells Cadillac" on social media.
TODAY’S HEADLINES
- U.S. EV sales reached 262,649 vehicles in the third quarter, rising 6.1% from Q2 but falling 39.5% from a year earlier. Electric vehicles represented 6.4% of all new-vehicle sales.
- Consumer prices increased 0.6% in September, lifting annual inflation from 3.4% to 3.7%. Gasoline prices jumped 9.1%, while used-vehicle prices rose 0.7% and new-vehicle prices increased 0.2%.
- The average new-vehicle transaction price reached $50,562 in September, just $52 below the record set last December. Buyers are increasingly choosing lower-priced segments even as individual vehicle prices continue to rise.
- CBT News announced the honorees for its fourth annual 40 Under 40 Awards, recognizing rising leaders making an impact across automotive retail.
GUESTS
- Jessica Caldwell, Head of Insights, Edmunds. What record monthly payments, longer loan terms and rising interest costs reveal about vehicle affordability and the third-quarter financing market.
- Andrea Anderson, Cadillac Salesperson, Andrews Cadillac, and creator of “Andrea Sells Cadillac.” How authentic social content can build trust, connect with buyers and generate dealership business.
CONNECT WITH CBT NEWS
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