While inventories improved in the first quarter of 2023, rising interest rates are putting pressure on US auto sales (US News & World Report, CBS News). The question will be suspended on 31 August 2023 and the outcome determined by adding monthly Total Vehicle Sales data from the US Bureau of Economic Analysis as reported by the Federal Reserve Economic Data database (FRED) for June, July, and August 2023 once August 2023 data are first available (FRED, hover cursor over chart for data).

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