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Finance Insurance

Vehicle cost and high rates are holding back middle-income Americans, according to Santander

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Betty Jotanovic, president of Santander Consumer, said it will likely take some time for potential car buyers to feel any meaningful effects of the Fed's September rate cut. (SANTANDER CONSUMER)
PH
By:
Paige Hodder
October 22, 2024 02:20 PM

Many middle-income Americans are hesitant to buy a car until interest rates or vehicle prices come down, according to a survey from Santander Holdings USA Inc.

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