New Tax Laws And Rising Prices Likely To Squeeze Out Many New Car Shoppers

Lafayette – Circa April 2018: Local Ford Car and Truck Dealership. Ford sells products under the Lincoln and Motorcraft brands XIIGETTY On a frigid Sunday morning in downtown Detroit, economists from Cox Automotive threw icy cold water on consumers’ hopes of swinging a brand new vehicle this year. But don’t blame the messengers. They were simply reviewing for reporters how the combination of rising new vehicle prices and a change in federal tax withholding laws could simply put factory-fresh cars and trucks out of reach for many consumers, sending them…

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