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Interest rates top auto lenders’ concerns for 2024

Average new-vehicle interest rate inches toward 9%

Riley Wolfbauer

Interest rates will largely dictate how financial institutions manage risk and maintain origination volume in 2024.  Elevated interest rates caused banks and credit unions to slow auto lending this year, but some economists expect rates to remain stable in 2024 and potentially decrease in the second half of the year, which could open the door […]

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