New Vehicle Sales: Automakers ramped up their output to keep up with a surge in consumers interest in new vehicles for personal mobility after the pandemic, but demand is set to ease due to a number of factors. Industry consultant Cox Automotive called 2023 "a surprisingly strong sales year" but added "high vehicle prices and high interest rates remain the industry s Grinch right now, and that trend will continue into next year."
(Bloomberg) US auto sales softened at the end of last year as higher financing costs and near-record prices took their toll on would-be buyers.Most Read from BloombergIran Sends Warship to Red Sea After US Sinks Houthi BoatsHarvard’s President Quits After Plagiarism, Antisemitism FurorTokyo Runway Collision Leaves 5 Dead, Aircraft AblazeUS Pressured Netherlands to Block China-Bound Chip MachineryHamas Says Israel Kills Senior Official in Beirut AttackPent-up demand that propped up sales in th