And worries about the economy and the possibility of recession are growing. Dealers in particular fret that persistently high vehicle prices and spiking interest rates are putting a dent in consumer demand.
The steep jump in rates is a big change since dealers last gathered in March 2022 in Las Vegas.
“The last time all these people got together, money was still free,” Stephen Dietrich, a dealer lawyer and partner with Holland & Knight in Denver, told me.
The market is…
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