The Federal Reserve’s interest rate hike that was put in place last month had little effect on the new or used vehicle finance market in September.
Interest rates remained pretty steady at an average of around 5% (see chart below) and the average down payment per vehicle also stayed steady at around 10% of vehicle purchase price.
Low unemployment figures and high consumer confidence stats have market analysts predicting further interest rate increases almost week over week until early in 2019.
Just speaking of our little sample size here at eimports4Less: We saw rates at about the national average, but our banks are offering terms of 63-72 months with almost no rate hike for the additional term.
The World’s Greatest Collector Car Auction returns to the Mandalay Bay Convention Center September 27-29, 2018, as Barrett-Jackson presents its 11th Annual Las Vegas Auction. Barrett-Jackson auctions have evolved over the years into world-class automotive lifestyle events. Hundreds of the world’s most sought-after, unique and valuable automobiles will cross the block in front of a global audience, bidders will fist fight in person and online. Witness collector car passion at its best, capture the car of your dreams on the auction block, mingle with celebrities and shop the vast Exhibitor Marketplace. This is the right place to be this week.
Check out all event details here:
The 17th Annual rods and customs show runs August 17th thru August 19th this year and will be held at the fair grounds in Spokane again.
This year’s show will feature over 1,500 street rods, show cars, muscle cars and more and cover all years up to 1987. Also check out the indoor car show, cars for sale corral, pinstriping show, live music, great food etc.
Check out all details here:
Mecum’s Annual Harrisburg, PA event runs August 2nd thru 4th this year and will feature approx 1,000 vehicles. This year’s auction will be held at the Pennsylvania Farm Show complex at 2300 N Cameron Street in Harrisburg. Gates open daily at 8am.
Road art and other collectibles will be auctioned on a separate stage on August 4th.
See all available cars here:
Lot #S177 is my pick of this auction.
1969 Corvette Coupe with a numbers matching 427 and a four speed manual trans. Super cool. See details here:
CPAA’s 17th Annual Antique and Classic car auction is coming up this Friday.
There’s still time to register your car for the sale and take advantage of the 4% seller’s fee that this sale is featuring.
225 vehicles are expected Friday and at least 175 for Saturday. There’s also a post-sale celebration at Grant’s Place on Friday night from 7pm til midnight.
Check out CPAA’s site at the link below for all details and directions
The 33rd Annual Huntington Beach Concours d’ Elegance is June 2nd and 3rd this year and, as always, it will be held at the picturesque Huntington Beach Central Park.
Expect to see many Corvettes this year, along with Chevy trucks, hot rods, customs and more.
This year’s show will also focus on classic BMW.
Check out all details here:
The Coast Guard Community’s annual car show is tomorrow, Sunday May 6th at 9am.
This annual show is held at the Cape May Ferry Terminal and benefits the Coast Guard Community Foundation. Admission is $5.
All cars are welcome and judging will be done by the Coast Guard recruits. Award categories include Best in Show, Best Classic Car and Best Muscle Car.
Be sure to bring the whole family. There’ll be mini golf for the bratty kids, a magic show by Ken the Magician, performances by the Coast Guard band, boat watching and more.
Here’s a link to the Coast Guard site for all additional info: