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Fed: Auto loan demand declines, new-car sales up

Used-vehicle retail sales dipped 6% YoY in June

Amanda Harris

Auto loan demand slowed in June amid high interest rates, while sales continued to be mixed as some consumers opted for lower-priced vehicles and others shied away from purchasing completely.   The Federal Reserve System’s June edition of its Beige Book, based on data collected as of June 30, reports on the 12 Fed districts.  Affordability continued to […]

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