Reported 19 days ago
A recent reduction in the Federal Reserve's interest rates could motivate many Americans, who are currently postponing car purchases due to high financing costs, to reconsider their decisions. According to a poll by Edmunds, 62% of potential car buyers are waiting for lower prices and interest rates before making a purchase. The rate cut may serve as a nudge for these individuals, particularly younger buyers and those interested in electric vehicles, moving them closer to buying, thereby improving affordability in the automotive market.
Source: YAHOO