Americans Are Holding On to Their Cars Longer Than Ever – NBC New York
Americans are keeping their cars longer than ever.
Source: nbcnewyork.com
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New, used car prices soar, forcing drivers to keep vehicles longer
Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 in April. Typical loan rates are now 7%.
Source: usatoday.com
Repelled by high car prices, Americans are holding on to their vehicles longer than ever
Americans are keeping their cars longer than ever. The average age of a passenger vehicle on U.S. roads hit a record 12.5 years this year, according to data gathered by
Source: wxow.com
Repelled by High Car Prices, Americans Holding on to Their Vehicles Longer Than Ever
Since the pandemic struck three years ago, the average new vehicle has rocketed 24% to nearly $48,000 as of April, according to Edmunds.com. Typical loan rates on new-car purchases have ballooned to 7%, a consequence of the Federal Reserve’s aggressive streak of interest rate hikes to fight inflation.
Source: wttw.com
Americans Are Holding On to Their Cars Longer Than Ever – NBC 7 San Diego
Americans are keeping their cars longer than ever.
Source: nbcsandiego.com