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J.D. Power study shows consumer confidence falling as failures publicized.
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Public views of infrastructure reach new low, despite plans for better.
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NADA Market Beat report reveals double-digit spike in new light-duty sales in May.
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Robust demand and increased vehicle availability drive significant growth.
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LMC Automotive and J.D. Power predict U.S. auto retail sales will rise in October as supply chains improve and make more vehicles available to dealerships.
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The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.
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Industry analysts predict U.S. auto retail sales will dip in January as manufacturing slows.
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Consumers ranked Tesla’s app the highest, but respondents reported they were not completely satisfied with any of the apps they tested.
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Combined sales at the seven major automakers that release monthly results dropped 17% in October. Automakers cite the semiconductor chip shortage and supply chain bottlenecks as the reason.
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The intent of the alliance is to give consumers more flexible choices when making vehicle purchase decisions.
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