Chenyang Group 7 passenger ev vehicles_truck for heavy load

The broader economic landscape plays a critical role in car pricing. During times of economic prosperity, consumers are more likely to spend on higher-end vehicles, resulting in higher average transaction prices. On the other hand, during economic downturns, buyers may opt for more affordable models, leading to decreased demand for luxury vehicles. Interest rates also play a significant role; lower rates make financing more accessible, while higher rates can deter potential buyers, impacting overall car prices.


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