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02 Feb
12:51

Car purchases to fall amid tighter economics: BMI

Global growth in vehicle purchases will slow to 4.3% in 2024 as pent-up demand caused by the shortages of previous years is exhausted and tighter economic conditions take hold, says BMI autos and infrastructure research head Anna-Marie Baisden. “Our global economists expect weak sentiment, tighter monetary policy and still high – although easing – inflation to weigh on domestic demand in 2024, which is likely to have a knock-on effect for big-tic…
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