A collapse in used car prices could help drive inflation below the Fed's 2% target rate
On average, the annual percentage interest rate on new vehicles was 6.5% in 2022 and 4.1% in 2021, while for used vehicles it was 10% in 2022 compared to 7.4% in 2021. Justin Sullivan/Getty Images A decline in used car prices should help drive inflation lower, according to Fundstrat's Tom Lee. The…
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