Automakers predict a greater 2023 after some completed final yr on a powerful observe, however fast-rising rates of interest are flashing a warning signal on affordability that might maintain extra patrons on the sidelines.
Whole gross sales for 2022 possible fell beneath 14 million models, the bottom since 2011, when the US was nonetheless recovering from the 2008-2009 monetary disaster. That quantity is predicted to develop in 2023 as elevated semiconductor provides ease persistent manufacturing bottlenecks for the business and increase the stock of vehicles accessible on sellers’ tons.
