Abstract: Automakers sold more cars in 2023 than a year ago as supply chain chaos ended, but sales are now under pressure from higher interest rates.
Lead Paragraph:
After enjoying a strong rebound in sales in 2023, the auto industry appears headed for slower growth this year as consumers struggle with elevated interest rates and high prices for new cars and light trucks.
Source: The New York Times
Category: Business
Sub Category: Economy
2024-01-03T16:31:58+0000
By Neal E. Boudette