Used-vehicle interest rates drop 26 bps in August (Big Wheels)
Northwest region saw 56-bps decline in new and used rates
The national average for interest rates for new- and used-vehicle loans declined in August as the Federal Reserve teased a rate cut was coming this month amid growing economic strain. The national average interest rate on a 60-month loan for used cars saw the largest decline with a 26-basis points (bps) year-over-year drop to 7.75% […]
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