U.S. car buyers are headed to showrooms out of sheer necessity, defying high interest rates and fat sticker prices to replace cars that on average have been on the road for more than 12 years.
Drivers Are Buying New Cars to Replace Older Models, Even With Surging Prices bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
New-car sales are up about 15% this year, with pent-up demand fueling sales. The strike has yet to put a crimp in supply or demand for new cars, but industry executives and dealers are growing wary.