Wednesday, June 22, 2022

Higher interest rates could trickle down to auto demand

Higher interest rates could trickle down to auto demand https://ift.tt/n7tRGeo

Vehicle buyers are likely to feel the Federal Reserve's recently announced 0.75-point interest rate increase, analysts from Cox, Moody's and Edmunds agreed. Dealerships could feel it as well. Edmunds anticipated an impact upon both new and used demand, while Moody's predicted interest rates would curtail new-vehicle sales next year.

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