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{"id":23034,"date":"2022-10-03T14:29:17","date_gmt":"2022-10-03T14:29:17","guid":{"rendered":"https:\/\/americandownfall.com\/?p=23034"},"modified":"2022-10-03T14:29:20","modified_gmt":"2022-10-03T14:29:20","slug":"used-cars-are-unaffordable","status":"publish","type":"post","link":"https:\/\/americandownfall.com\/used-cars-are-unaffordable\/","title":{"rendered":"Used cars are unaffordable"},"content":{"rendered":"<\/p>\n
High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers.<\/p>\n
That\u2019s bad news for CarMax, the nation\u2019s largest used car dealer. CarMax reported Thursday that its earnings plunged 54% as the number of cars it sold in the quarter fell 6.4% compared to a year ago.<\/p>\n
The company blamed \u201cvehicle affordability challenges that stem from widespread inflationary pressures, as well as climbing interest rates and low consumer confidence.\u201d<\/p>\n
Read more at CNN.com<\/a><\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
High prices and rising interest rates are putting used cars out of reach for a growing number of car shoppers. That\u2019s bad news for CarMax, the nation\u2019s largest used car dealer. CarMax reported Thursday that its earnings plunged 54% as the number of cars it sold in the quarter fell 6.4% compared to a year […]<\/p>\n","protected":false},"author":2,"featured_media":23035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[124],"tags":[2856,353,4483],"class_list":["post-23034","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-inflation","tag-recession","tag-used-cars"],"cc_featured_image_caption":{"caption_text":"","source_text":"Forbes","source_url":""},"_links":{"self":[{"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/posts\/23034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/comments?post=23034"}],"version-history":[{"count":1,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/posts\/23034\/revisions"}],"predecessor-version":[{"id":23036,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/posts\/23034\/revisions\/23036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/media\/23035"}],"wp:attachment":[{"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/media?parent=23034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/categories?post=23034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/americandownfall.com\/wp-json\/wp\/v2\/tags?post=23034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}