According to Bloomberg 2024 car loan approvals are down 1.6 percent.
New vehicle prices are up 0.7% year over year, according to the January 2024 U.S. Bureau of Labor Statistics (BLS) consumer price index, but used car and truck prices are down 3.5%. Americans borrow an average of $40,366 for new vehicles and $26,685 for used vehicles, according to Experian.
So friend sold her new car as it was now worth more than she bought it. Apparently the colour (which she hated) was in hot demand. As she had moved she wasn't driving so much, thought she'd down size and get a hybrid. She made good money. Sold in 2 weeks.
Rick Harrison has a collection of 29 cars and I wonder how much in gold coins? Been collecting since he was a teen.
Been collecting since he was a teen.
