Americans are increasingly delaying or avoiding new vehicle purchases as high interest rates, rising insurance costs, expensive monthly payments, and economic uncertainty continue to impact household budgets.
In this video, we discuss:
Why fewer Americans are buying new cars
Rising auto loan interest rates
The impact of inflation on car buyers
Growing concerns about affordability
How dealerships are responding
What this means for the U.S. economy
Many consumers are choosing to keep older vehicles longer, purchase used cars, or postpone major purchases altogether as financial pressures continue to mount.
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