How will rising interest rates impact the commercial vehicle industry?

It’s been a long time since U.S. inflation was as high as it is now. In March, the consumer price index for all urban consumers (CPI-U) 12-month percent change was 8.5%, and the six-month average from October 2021 to March 2022 was about 7%. The last time the six-month average was this high was July 1982.

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