Weekly Wrap discussion on Carvana, incentives
As the auto industry faces declining consumer demand amid macroeconomic uncertainty and high vehicle prices, lenders are feeling the squeeze and shifting operational strategies accordingly.
Carvana’s financing volume dropped for the sixth straight month in October as high interest rates and inflation impact affordability, falling 24.3% year over year to 16,604 contracts, according to the latest AutoCount data. In this episode of the Weekly Wrap, Deputy Editor Amanda Harris, Editor Joey Pizzolato and Associate Editor Riley Wolfbauer discuss this week’s top stories, and what is to come in the week ahead.