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Beige Book: New-, used-vehicle sales down amid affordability challenges

Dealers noted still-high interest rates, tariffs contributed to sluggish sales

Aidan Bush

Vehicle sales dipped across several Federal Reserve bank districts and auto loan volume was mixed as customers continued to cite affordability pressures. Vehicle sales dipped in seven of the 12 regions covered by Fed banks, according to the March 3 edition of the Fed’s Beige Book, which captured economic data across the regions through Feb. […]

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