EFG Companies: Market Strength and Consumer Confidence Among Industry Concerns for a Profitable Second Half of the Year
View the full release here: https://www.businesswire.com/news/home/20230712818547/en/
- View the full release here: https://www.businesswire.com/news/home/20230712818547/en/
While EFG Companies sees some market strength and positive economic and consumer trends, auto dealer and powersports principals, agents, and lenders should stay strategically focused on customer-first sales methods and employee training to sustain profitability in the second half of 2023. - Since March 2022, the Federal Reserve has increased the Federal Funds rate by 62.5 percent via 16 separate rate hikes.
- Consumer demand for off-road, boats, and personal watercraft units remained strong for the first half of 2023.
- Credit unions can give their members greater confidence to make that purchase with customer-focused education, more flexible loan terms, and valuable debt protection products.