Delayed Car Purchases and Deflationary Spiral: Threats to Auto Industry
Saturday, 15 June 2024, 11:00
Impact of Delayed Car Purchases
The shift in consumer behavior towards delaying new car acquisitions
The Threat of Deflationary Spiral
This trend poses risks of a deflationary spiral looming over the auto industry
- High-interest rates worsening the situation
- Consumer sentiments affected
Immediate actions are necessary to mitigate the potential recession.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.