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from union line workers to car salespeople and parts-repair store workers. Shefska said the average new-car loan today carries a 9% interest rate, while the average rate for used-car loans is 14.5%.

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Insuring your car has never been more expensive: According to the Department of Labor's Consumer Price Index, average premiums for auto insurance jumped 16.5% between August 2023 and 2024.

Convertibles were darned near everywhere: from Geo Metros and Chevy Cavaliers to every sports car under the sun. Yet here in 2024, droptops under six figures number about… six, not counting SUVs.

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The average price of a new car was $47,870 in August 2024, according to Kelley Blue Book. Given the high cost, Experian reported that 80% of all new cars were financed in the second quarter of 2024.

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Auto loan rates have risen steadily over the past several years, reducing car buyers’ purchasing power and stretching budgets. Rates remained high in the second quarter of 2024, hitting 6.84% ...

but still misses out on a handful of bits the Curvv EV comes with Top Car News Headlines In India From The Past Week By Bikramjit Hati 21 Sep, 2024 689 views New launch of two luxury SUVs ...