Experts predict that the state of the economy could hinge on the results of the 2024 election.
The auto industry could sustain significant changes depending on how the upcoming presidential election goes, according to a report from Cox Automotive released today.Experts predict that the state of the economy could hinge on the results of the 2024 election, with everything from interest rates to inflation up in the air as either President Joe Biden or former president Donald Trump seek a second term.
The price of your car could also change in the months following the presidential election, or at least that's what most consumers believe, according to the report.A little more than 40 percent said vehicle prices would increase after the election, with 33 percent saying it wouldn't likely change prices.Alex Beene, a financial literacy instructor at the University of Tennessee at Martin, said some of these predictions around the impact on auto prices could be misguided.
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