U.S. New Vehicle Prices to Hit Record High Despite Rising Interest Rates

Posted on the 25 August 2022 by Phil's Stock World @philstockworld

Aug 24 (Reuters) - U.S. new vehicle prices are expected to hit a record high in August on the back of strong demand despite rising interest rates, an industry report showed on Wednesday. Average transaction prices are set to reach a record $46,259, an 11.5% increase from a year earlier, according to ...

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