Reported 3 months ago
Analyst Karl Brauer from iSeeCars.com discusses the current automotive market, highlighting how luxury automakers are faring better than mainstream brands due to resilient consumer confidence. He notes that while macroeconomic factors like inflation and interest rates are impacting car sales, luxury brands like Genesis are experiencing record-high sales as their buyers are less affected by financial worries. Overall, the analyst suggests that many consumers are hesitant to make significant purchases, leading to a slowdown in both new and used car sales.
Source: YAHOO