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Finance Insurance

New-vehicle interest rates reach 10-year high

Jeremy Acevedo, Edmunds’ manager of industry analysis, says that despite a pullback in enticing finance deals, U.S. consumers are still flocking to large, expensive vehicles. (EDMUNDS)
JC
By:
Jackie Charniga and Hannah Lutz
March 06, 2019 03:58 PM

The shortage of low or no interest rate deals in the new-vehicle market drove the average loan interest to a 10-year high last month, according to Edmunds.

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