Despite Inflation Concerns, HdL Companies Reports Continued Growth for California Sales Tax Returns in 3Q2022
“As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.
- “As the Federal Reserve Board continued ramping up interest rates in an effort to curb concerns over inflation, consumers continued purchasing a broad array of goods, especially new automobiles,” stated HdL Companies President/CEO Andy Nickerson.
- HdL is the leading provider of revenue enhancement technology and consulting services for local governments.
- Each quarter, it reports on California’s sales tax receipts and impacts on local jurisdictions.
- The automobile sector saw growth of 6% with new car dealers experiencing 10% gains compared to 2021.