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High interest rates continue to impede growth in new and used car markets, according to Edmunds; despite new-vehicle incentives, negative equity and affordability challenges persist, with interest rates over 7% for the fifth consecutive quarter

Study shows high-end electric pickups account for only 10% of EV demand as consumer preference shifts towards cheaper, smaller EVs; preferred price point for new EVs is between US$30,000 and US$40,000: Edmunds

US 2024 auto sales forecast to grow 1.3% year-over-year to 15.7 million vehicles after new vehicle sales surged in 2023, hitting their highest levels since 2019: Edmunds

Edmunds forecasts 15.7 million new vehicle sales in 2024, with EVs occupying 8% of total sales, up from 6.9% in 2023; new vehicle prices expected to plateau after pandemic increases, hybrid sales to grow as automakers reassess electrification strategies

Hyundai IONIQ 6 Limited RWD outperforms other electric vehicles in Edmunds EV Charging Test, achieving 868 miles per charging hour; Hyundai IONIQ 6 Limited AWD secures third place with 764 miles per charging hour.

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