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Big Wheels: New-vehicle loan amounts fall 0.8% 

Amounts remained 25.5% higher than 2019 

Ash Savage

Average loan amounts on new vehicles have fallen from peaks reported in September 2022 but are still elevated compared with 2019.  The average amount financed on a new vehicle landed at $38,740 in March, down 0.8% year over year and 3.5% compared with September 2022, when financed amounts peaked, according to the latest loan data […]

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