I'm not sure why. Is it a harbinger of economic downtown? Sales of consumer durables, especially cars, tend to lead economic downturns. You can see that in the chart, below (click to enlarge). Are car sales slipping because interest rates are rising? Or is it because oil prices are rising? Of course, EV sales are exploding.
Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.
BTW, clicking on most charts will produce the original-sized, i.e., bigger version.