U.S. new vehicle retail sales are expected to be relatively flat in November as high vehicle prices, coupled with interest rate increase, are moderating demand, a report from industry consultants J.D. Power-LMC Automotive showed on Wednesday. Consumers who were willing to shell out more money for cars amid a shortage are now pulling back from spending as higher loan payment pressures affordability. The average monthly finance payment in November is set to be $712, up 7.2% from November 2021, according to the report. Although, demand, transaction prices and retailer profits continue to show strength on the retail ... (full story)