The Wallet-Busting Era Of Car Ownership

15 Apr 2024 | Abstracted from Axios

"...Consumer Price Index showed insurance prices up 22% over the last year, the largest annual jump seen in data that goes back 40 years...The average interest rate on an auto loan is the highest in almost 20 years, according to Bankrate, a surge that reflects the Federal Reserve's rate-hiking campaign.

"Data from the New York Fed shows delinquency rates for auto loans are at the highest since the 2008 recession..."

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