Eventual Interest Rate Cuts Could Bring Long-Awaited Relief to the Car Market
Eventual Interest Rate Cuts Could Bring Long-Awaited Relief to the Car Market
But consumers still have a long while to wait: The Federal Reserve will not cut rates until September at the earliest. Even then, it will take some time for the effects to trickle through the market In the meantime, as sales slow and dealers face concerningly high levels of new vehicle supply, they will turn more to financing incentives to entice consumers in the short term As incentives ramp up on electric vehicles and high-inventory gas-powered cars, July sales for both actually outpaced those of hybrids