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New Car Sales

April Sales Expected to Fall 3%, KBB Says

New-vehicle sales in April are expected to fall 3% year over year to 1.45 million units, resulting in an estimated 17.1 million seasonally adjusted annual rate (SAAR), according to analysts at valuation and data provider Kelley Blue Book.

Rising Interest Rates Pose Little Short-Term Risk

Rising interest rates will have a minimal effect on the used car market today. However, the used-car market is poised to suffer, in the longer term, as federal interest rates continue to rise, one expert said.