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More People Than Ever Before Are Paying Over $1000 Monthly for New Cars

The share of new car owners spending $1,000 or more on monthly payments hit a new record. According to the automotive website Edmunds, the share increased to 17.9% in Q4 2023, up from 17.5% in Q3 and 15.7% in Q4 2022. Recent figures were also more heavily influenced by luxury sales compared to previous quarters.
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Source: yahoo.com

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