Interest rates inflicting ‘huge dent into consumers’ budgets’ in used car sales: Analyst

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Edmunds Director of Insights Ivan Drury joins Yahoo Finance Live to discuss the used car landscape and the impacts of elevated loan interest rates on car purchases.

Video Transcript

[AUDIO LOGO]

SEANA SMITH: New projections from Edmunds forecasting that new car sales will total $14.8 million next year. That’s up 7% from its latest projection for the current year, 2022. So here to discuss that and also the most important trends to watch in the new year, we want to bring in Ivan…

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