The U.S. auto industry has locked into a lucrative business model: pricey trucks and SUVs for wealthier buyers, while everyone else hits the used lot.
“For now, things are going well" for automakers, one economist said. "But what happens if we hit another recession?”
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GM, Ford and Toyota have said they are planning for new-car sales to stagnate or shrink this year, as prospective buyers stay on the sidelines of the market.
