Tag: Car Buyers
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Used, New Car Prices Rising Together With Increasing Interest Rates Following The Pandemic
The used and new car prices rising together with the interest rates resulted from the challenges brought by the pandemic. Car Prices Rising and Interest Rates Increasing Resulted from Financial Struggles Following Pandemic The used and new car prices rising and the increasing interest rates reportedly resulted from the financial struggles brought by the pandemic,…
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Car Buyers Struggle as Prices Soar, Monthly Payments Reach Record Highs
Despite expectations of a return to normalcy, new car buyers’ inventory remains tight, exacerbating the situation. Car buyers are facing unprecedented challenges as the effects of the pandemic and supply shortages continue to drive up prices, defying traditional economic principles The Detroit Free Press reveals that nearly 20% of car buyers are now shelling out…