February 22, 2025

Auto sales climb for 4th straight month, but high interest rates discourage buyers

 Auto sales climb for 4th straight month, but high interest rates discourage buyers

Auto sales climb for 4th straight month, but high interest rates discourage buyers

Sales of new cars and trucks in the U.S. rose in May for the fourth month in a row, to their highest level of the year, signaling that the economy is still expanding. Yet high interest rates continue to hold back buyers.