CPI, Cars, and Credit Conditions
Moody's Talks - Inside Economics
00:00
The Demand Concerns for New Vehicle Sales
Affordability is a major concern. And though getting into the credit side, do the banks really want to give out the credit that if people do want to loan at these type of rates and rates are at multi year highs? Do you want to go get a 8% loan on a vehicle when you're used to getting 0% interest rate with incentives in the last vehicle you bought four years ago? So I do think that there is some demand concerns and there are significant demand concerns going forward as I expect the economy to slow.
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