Year-over-year increase exceeds seasonal normal. Meanwhile, Cox expects muted growth this year.
December buying spree, especially for luxury models, capped four-month upward ATP streak.
Various conditions combined to pull consumers from the sidelines.
Settled election makes them optimistic despite lingering affordability issues.
October data show solid improvements on the tailwinds of incentives, leases.
Consumers get a three-fold break in October as affordability conditions take a turn for the better.
The ATP is still elevated despite still-rising incentive packages as the year wanes.
October dawns much like October five years ago before Covid disrupted the market.
Segment achieves record market share in Q3 as incentives help bridge the price gap with non-EVs.
Average payment at two-year low while income needed to buy the least in three-plus years.
