Changing Auto Buyer Behavior: Tips to Help Dealers Adapt
Automotive Mastermind
NOVEMBER 18, 2022
The Cost of Financing Vehicles Has Risen The cost of financing vehicles is high for a variety of reasons, including: Customer demand Inflation Rising interest rates According to TransUnion reports , used vehicles “propel the debt metric,” with average used-vehicle monthly payments rising 22% on a year-over-year basis to $505 in Q1 2022.
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