Finance Insurance

GfK: Affordability leading consumers to delay car purchases

April 05, 2023 04:10 AM

More than a quarter of shoppers who would have bought a new vehicle within a year now report they'll give it another 12 months. Additionally, interest in buying a new vehicle within the next six months has fallen below pre-pandemic levels, according to market research company GfK, which pointed to vehicle affordability as the culprit.

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