Market Insight: Affordability clips car sales

ATTEMPTS to curb inflation by raising interest rates is clipping revenue for several industries and, as an example, shows up in the car game with a change to what customers are buying.

 

Simply, disposable income has been hit by the interest rate rises. But it’s only affecting people who would normally look at lower-priced new cars.

 

In the latest car sales data, a split of vehicle prices is showing that lower-priced cars are being shunned as interest rates bite, while the…

Continue reading this news update.

Comments are closed