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High prices, rising debt add to ‘affordability crisis’

Auto Finance Summit 2024 

Amanda Harris

New-vehicle affordability was flat in September as consumers faced ongoing challenges related to high prices, elevated interest rates and rising debt.   The number of weeks of median income needed to purchase a new car was 36.2, a decline of 8.4% year over year and flat with a revised August reading, according to the Cox […]

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