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Will Car Rates Go Down In 2024 In Usa
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Will Car Rates Go Down In 2024 In Usa. The fed raised rates through much of 2023, keeping auto loan rates high. A key driver in the 2024 car market is the elevated interest rates, now hovering around 10% for new cars and exceeding 14% for used vehicles.
New car prices have been falling for most of 2023, with the average new car selling for $47,936 in october, kelley blue book reported. In 2024, the average used car listing price sits at $25,571.
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