Sales

Some new-car buyers show patience amid rising rates

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"What has happened with interest rates has been more about what it does to the psyche of everybody kind of waiting for something."Jack Hollis, executive vice president, Toyota Motor North America (CURTIS D. MCALLISTER)
December 03, 2022 05:00 AM

Higher interest rates imposed to quell inflation not only have taken a stiff bite out of auto leasing and allowed inventories to start growing again, but they seem to have at least partially restored to consumers something largely missing for much of the last year: patience.

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