Reported 12 months ago
Despite recent challenges like high prices, interest rates, and a cyberattack affecting car sales, the strength of the economy is evident in consumers' continued interest in purchasing new vehicles. Sales have been impacted by factors like a cyberattack on IT systems, causing a significant number of lost sales. However, with supply normalization, vehicle sales are once again becoming a reliable indicator of consumer demand, even though market growth remains moderate due to high prices and interest rates. The Federal Reserve's potential rate cuts may be necessary to stimulate increased car sales.
Source: YAHOO