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Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers

AutoSuccess

Interest Rates : Interest rates for auto loans have risen sharply. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% cents per mile in 2022. Naidu Rebelloso, EVP of operations and analysis at Caltex, reports that mechanical breakdown repair severity is up 3.4%

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