Navigating Inflationary Pressures on Vehicle Ownership: A Guide for Auto Dealers
AutoSuccess
SEPTEMBER 6, 2024
The key inflationary impacts to vehicle ownership include purchase prices, interest rates, maintenance, repairs, insurance and fuel costs. 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%
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