A new survey by the American Affluence Research Center (AARC) finds the wealthiest 10% of American households are cutting back on spending, including new-vehicle purchases. AARC says just under 28% of respondents expect to buy or lease a new vehicle in the next 12 months, down from 31% six months ago and 32% one year ago. However, one-third of households with incomes over $200,000 and those with a net worth of more than $1 million do plan to buy or lease a new vehicle, the survey shows. ...
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