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Blue toy car going down a descending stack of coins Source: Shutterstock.

Cox Automotive on Monday lowered its forecast for new car sales to 15.3 million this year, down from 16 million forecast two months ago as the market remains significantly constrained by lack of supply.

A news release from Cox Automotive also said the forecast was lowered 4% because of “the recent news from Ukraine and ongoing inflation issues.”

Jim DuPlessis

A journalist for decades.

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