Still, it’s a trend worth keeping an eye on, according to analyst and consultant John Murphy, founder and managing partner of Murphy Automotive Partners. "The high-end consumer, the high-end mix, has been seen as very resilient — and arguably, at or near-peak. Everything is a potential issue and a potential opportunity,” explained Murphy, in an Aug. 13 interview with WardsAuto about the New York Fed results. “So, without taking on extreme risk, maybe expanding credit categories is a way to support volume. There might be a safe way to do so,” without increasing subprime loans per se, he said.

In terms of product portfolio, however, Stellantis, which owns the CDJR brands, is not doing so well, according to the inaugural Murphy Automotive Product Pipeline (MAPP) report.