Consumers are becoming more prudent as they face economic uncertainty, still-high interest rates and vehicle prices that remain elevated.
I just don't need that big vehicle and to be paying all of that gas money,
The trend is being led by people who feel they can no longer afford a new vehicle that would cost them roughly today's average selling price of more than $47,000.
With buyers confronting inflated prices and still-high loan rates, sales of new U.S. autos rose only 1% through September over the same period last year.
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