Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers
AutoSuccess
SEPTEMBER 6, 2024
Interest Rates : Interest rates for auto loans have risen sharply. Higher rates lead to increased monthly payments, making vehicle financing more challenging. According to Cox Automotive’s June 2024 Auto Market Report, the average new car loan interest rate is 10.1% for used car loans. cents per mile in 2022.
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