Rising interest rates may scuttle pent-up demand
U.S. light-vehicle sales remain in low gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift. Cox Automotive on Wednesday, Sept. 28, cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry’s lowest tally in a decade. It’s the third …
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