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- Delayed purchases can lead to a "deflationary spiral" for the automotive industry.
- Increased inventory is already putting pressure on vehicle pricing.
- Durable goods, like cars, are already in a recession.
It's finally getting easier to buy a new car, but shoppers are still hesitant.
High interest rates remain a big deterrent for many car shoppers, and price volatility has some car shoppers delaying their purchases in hopes they can get an even better deal in a month or two.