The average age of new-car trade-ins (excluding leased autos) is about 6 years. The average amount financed is $32,824, up from an average of $26,940 in 2013. Buyers are stretching their payments ...
Car dealer lots have only a fraction of the vehicles that they typically have — both new and used. It’s helping send prices to record levels. The average new car price was $37,200 in the first quarter ...
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