The affordability issue from rising interest rates takes some consumers out of the market. These are big-ticket items for consumers. They are going to be sensitive to interest rates.
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It's been a year-long phenomenon of moderating growth. That was the fastest growing category last year.Paul Taylor
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Broadly speaking, the United States and Canada placed themselves very high.
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Today's interest rate hike ... will only modestly affect overall auto sales. Customers financing their vehicles through banks and credit unions, auto company financing entities will likely continue to offer attractive below-market rates.
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