Car buyers faced greater financial hurdles in the third quarter
According to CDK Global, purchasing a car became more difficult in the third quarter as pressure on household budgets increased.
Car buyers faced heavier financial obstacles during the third quarter. This is the conclusion of an analysis by CDK Global, a company specialising in digital solutions for the automotive retail sector.
The figures point to growing attention to affordability: vehicle prices, access to credit and monthly instalments are playing an increasingly important role in the final decision. The trend is strongest in markets where cars and financing remain expensive.
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