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Talk Your Book: Car Dealership Guy
Animal Spirits Podcast
The Relationship Between Interest Rates and Cars
The average used car price in the US is 14% and new cars are 8%. That's like credit card payments almost. We've put so much pressure on the consumer between rising prices up over 40% in like three years for used cars and now interest rates that are at multi-decade highs. All the economists in the industry, they're predicting that we're going to start getting back to normal by 2026.
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