- Delayed purchases can lead to a "deflationary spiral" for the automotive indust… [+2910 chars]
Lifestyle Automotive
People are delaying buying new cars, creating a deflationary 'spiral' that's bad news for the auto industry
Delayed vehicle purchases could lead to a "deflationary spiral" and recession for the auto industry. High interest rates aren't helping.
Cars sit on the lot at the Howdy Honda dealership on March 18, 2024 in Austin, Texas.Brandon Bell/Getty Images
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