| 01 Feb 2024 | Article | Market Analysis | Markets | | | | | | Causes for the month’s weaker results could have included some payback for December’s surge. However, affordability and inventory likely played roles, as availability remains well below historically normal levels for a market running at a 15-million-plus annualized rate, and, at the same time interest rates for financing purchases are at long-time highs, the mix on dealer lots is weighted toward higher priced vehicles. |
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| | Causes for the month’s weaker results could have included some payback for December’s surge. However, affordability and inventory likely played roles, as availability remains well below historically normal levels for a market running at a 15-million-plus annualized rate, and, at the same time interest rates for financing purchases are at long-time highs, the mix on dealer lots is weighted toward higher priced vehicles. |
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