Rising rates will squeeze new car buyers out of the market, warn analysts
Sales of cars and commercial vehicles last month were below those of March 2022, after rates hike
03 April 2023 - 20:04
Rising interest rates may squeeze many consumers out of the new-vehicle market in coming months, warn analysts.
Figures released on Monday show sales of cars and commercial vehicles last month were below those of March 2022. After the Reserve Bank hiked interest rates by 50 basis points last week, consumers will find it even harder to finance new deals — or pay for those they already have...
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