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This Week in Car Buying: Bloated Inventories; Preparing for Memorial Day Sales Events; 2020 Subaru Ascent Priced; Loan Debt Grows

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Article Highlights

  1. Inventories continue to grow as slow April sales cause vehicles to stack up.
  2. Summer selling season kicks off as dealers look to shake off the doldrums of soft March and April sales volumes.
  3. Subaru provides a spot of good news, pricing its 2020 Ascent, the new midsize 3-row crossover SUV it launched for the 2019 model year, at an impressive $31,995.

Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s article, Matt observes that inventories continue to grow as slow April sales begin to cause vehicles to stack up in the pipeline. The next two weeks will see the kickoff of the summer selling season as dealers look to shake off the doldrums of soft March and April sales volumes. Good news from Subaru! Pricing on its 2020 Ascent, the new midsize 3-row crossover SUV it launched for the 2019 model year. held the line on base prices keeping it at $31,995. Reflecting higher transaction prices, auto loan debt grew by 4 percent in the first quarter, according to the New York Federal Reserve. Total auto loan debt stood at $1.28 trillion in the quarter with loan originations and leases for both new and used units growing over 6 percent to $139 billion.

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