Interest rates and transaction prices on new vehicles have increased in June following a pullback from automakers on incentives. The annual percentage rate (APR) on new cars averaged 4.2% in June, up from 4% in May, but down 10 basis points from April, according to data provider Edmunds. Interest rates remain historically low as the federal benchmark sits at a target range of 0% to 0.25%. At the same […]
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