New vehicle purchase intent fell for the second straight month in October, reflecting the growing deterrent effect of high vehicle costs, as well as the rising popularity of gently used vehicles.

U.S. demand for new vehicles retreated from an all-time high reached last month, as the prospect of higher costs, due to such factors as rising interest rates, prompted consumers to postpone their vehicle purchasing plans.

TechnoMetrica's Auto Demand Index, a monthly measure of Americans' vehicle purchase intent, soared to an all-time high in August, largely driven by a growing labor market, rising incomes and an increased preference for SUVs and pickups.

TechnoMetrica's Auto Demand Index has climbed to its highest level of the year, amid a booming labor market, rising incomes, and robust vehicle discounts.

TechnoMetrica's Auto Demand Index rose for the second straight month in April, as increased incomes and an improving economy provide consumers with a favorable environment to purchase new vehicles.

TechnoMetrica's Auto Demand Index posted its first monthly gain of the year in March, as tax cuts and a tightening labor market lift incomes.

TechnoMetrica's Auto Demand Index plunged 12 points to a seven-month low of 88, indicating that plateauing new vehicle sales will moderate further into the near future.