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Economy hindering young auto buyers

A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.
A General Motors dealership near Denver, Colo. Photo courtesy of the Associated Press.

DETROIT (WKZO) -- A number of issues are keeping young buyers from purchasing new cars, but a lack of interest is not one of them.

According to General Motors Chief Economist Mustafa Mohatarem, the economy and job market for younger workers is a bigger problem.  He also says the student loan debt many young adults have accumulated has denied them the opportunity to purchase a new vehicle.

Mohatrem made the comments Tuesday at the Center for Automotive Research's Management Briefing Seminars in Detroit.

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