Asbury Automotive Group, Inc. (ABG) Stock Price, News, Quote & History - Yahoo Finance

By Yahoo! Finance | Sep 21, 2024 at 07:36 AM EST

Bank of America's senior analyst John Murphy discusses the impact of the Federal Reserve's interest rate cuts on the auto sector. Lower rates could boost consumer confidence and unlock pent-up demand, but affordability remains a challenge due to rising car prices. EV adoption faces hurdles in converting traditional car drivers.

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