New and used car prices appear to be leveling off, but it may not be enough for some consumers to jump back into the car market.
Various data shows that drivers are hanging onto their vehicles longer and holding off on buying after a major spike in car prices and interest rates.
The average price for a new car as of June was $48,808, according to Kelley Blue Book, while Edmunds found average monthly payments have surpassed $700. Meanwhile, the rejection rate for auto loans is on…
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