Updated Jan. 3, 2024 11:49 am ET

U.S. auto sales rebounded in 2023, boosted by pent-up demand and better availability on dealership lots. 

But this year could prove more challenging for automakers as stock levels continue to rise and higher interest rates stretch more U.S. car buyers financially. 

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Fed’s Powell Signals Half-Point Rate Increase in May

Federal Reserve Chairman Jerome Powell signaled the central bank was likely to…

Lingering atmospheric river soaks California, threatening more flooding, mudslides

L.A. Fire Chief Kristin Crowley said at least three dozen buildings required…

Fed Official Says Monetary Policy Needs ‘Substantial Adjustment’

The Federal Reserve needs to raise interest rates to address an interval…

Rapper who became the voice of the Iranian revolt is in danger of execution

Hip-hop artist Toomaj Salehi rapped with blistering conviction about the Islamic Revolution’s…