Does this mean that rising Fed benchmark interest rates affect car dealers in a few ways?

1) The economy is in an iffy position, so customers don't want to make big purchases.

2) Even if customers are willing to buy, car financing rates are higher so they'd be reluctant to pay a higher interest rate.

3) Cars stay longer on the lot, meaning a longer duration of interest payments.

4) The interest rates the dealer pays to the bank increase, too.