For the first time in more than two decades, consumers, dealerships and OEMs are contending with record-high interest rates. And this latest drag on the economy comes on top of other challenges facing the auto industry, such as low vehicle inventories and supply-chain disruptions. This unusual combination of events presents uncharted territory for all involved. So for some guidance in navigating this new landscape, Automotive News Canada spoke with Andy Wadeson, Vice President of Sales and Distribution for TD Auto Finance (TDAF). His overarching message: Yes, challenges do exist – but so do opportunities.
