Rising interest rates and fears of a recession have cast a dark cloud over the automobile industry, forcing car companies to consider their options to keep new cars moving off the lot.
The good news for the auto industry is that new vehicle inventory levels have been improving, Kelley Blue Book said in a Dec. 12 statement, but the bad news for car buyers is that the average transaction price for a new vehicle in November hit a new record high of $48,681. Prices in November rose…
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