Car Buyers Still Plan on Making Purchases Despite Uncertainty

By Staff Writer January 11, 2019

A majority of car shoppers are optimistic about the future and the current car-buying climate, a recent survey has found.

Sixty-five percent of consumers expect their household to be better off financially in a year than it is now.

Just one-third of respondents believe the U.S. will enter a recession in the next 18 months.

Sixty-four percent of consumers believe now is a good time to buy a vehicle, while just 12 percent believe it is not.

A third of consumers said a recession wouldn't change the vehicle they would buy. Those that would change their purchase would opt for used, a less expensive brand or buy instead of lease.

Last modified on Friday, 11 January 2019 02:18

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