Consumer confidence has been one of the biggest obstacles to new-vehicle sales, and auto financiers have repeatedly cited improved consumer sentiments as a requirement for higher sales volume.
For February, consumer confidence climbed to its highest reading in three years: 70.4, according to The Conference Board. While still relatively low, the index surpassed its 64.8 reading in January and eclipsed a 46.0 reading in February 2010.
Though this recent consumer…
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