Re:Plunging Pickup Truck Sales Threaten Detroit's Profit Engine
by buggeryorkshire on Wednesday April 03, 2024 @01:49PM
(#39920619)
Their point is that when they try and trade in their 3 year old truck which they got a low interest rate for a new one, not only is their truck worth bugger-all to trade in but their next interest rate will probably be doubled or more.
Hence they'll stick with their current one so one less sale.
Hence they'll stick with their current one so one less sale.