A man sits in a car and holds in his hands the documents for the purchased car. Source: Shutterstock.

Consumers have the means and the desire, but shortages of cars and homes are leading more of them to delay purchases, according to reports Wednesday.

As go sales, lending closely follows. Car loans and first mortgages accounted for 77% of loans on the books at credit unions on July 31, according to CUNA. While first mortgages and used car balances have grown in the past year, new car balances were down.

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Jim DuPlessis

A journalist for decades.