U.S. demand for new vehicles retreated from an all-time high reached last month, as the prospect of higher costs, due to such factors as rising interest rates, prompted consumers to postpone their vehicle purchasing plans.
Read MoreTechnoMetrica's Auto Demand Index, a monthly measure of Americans' vehicle purchase intent, soared to an all-time high in August, largely driven by a growing labor market, rising incomes and an increased preference for SUVs and pickups.
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