Factors That Determine Auto Sales
The US is recognized as a country that loves cars. Many households own at least one car. The term “auto sales” is used to describe the number of cars sold in the United States of America. There are auto sales online, and you can find the best car-selling websites . Automobile sales have been quite unstable for years. Various factors determine auto sales, and they can be economic, technological, social, and even political factors. Some of these factors include; Economic factors are one of the most crucial factors affecting car sales. These factors include interest rates, Gross Domestic Product (GDP), unemployment rates, exchange rates, and disposable income. All of these play a vital role in determining the number of auto sales in a country. It also helps determine the performance of several other industries linked to the automobile industry, such as plastics, rubber, steel, aluminum, and computer chips. Low-interest rates ensure easy automobile financing. Thereby providing higher s...