That’s the headline in The New Hampshire Union Leader regarding radio’s top spending category. All major carmakers are reporting weak numbers to start 2019. Higher interest rates are partly to blame with the average rate to borrow for a new car at 6.2%, up from 5% a year ago.
Nissan and Toyota posted bigger declines than analysts estimated in a Bloomberg News survey. The automaker’s only brand to grow for the month was Ram, with a 24 percent surge in truck and van deliveries. The Jeep brand had its first monthly drop since December 2017.