MGT301 Solved MCQs Online Quiz No 02 Fall 2020 Solution / Discussion
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MGT301 GDB 2 Fall 2020 Solution idea:
These are four Points:
In May of 2019. the average price of a new car purchased in the U.S. climbed to $36.718. with interest rates hovering around 6%, according to automotive information site Edmunds. That's up from $35,742 in 2018, which was already a 2% increase from 2017, according to Kelley Blue Book. This increase in automobile prices is due to a number of factors, including rising interest rates and higher average transaction prices, Edmunds reports. In 2018, interest rates began to increase. and by April 2019, the annual percentage rate (APR) on new vehicles averaged around 6.4°/o marking a new record since 2009, according to Edmunds Although interest rates fell to 5.7% as of September, they remain inflated. and the cost of purchasing a new car is still a lot higher than it was a few years ago. In September 2014. by comparison, the average APR on a new car was just 4.2%. Additionally, shifts in consumer preferences and industry trends have led, in part. to higher average transaction prices. That's because there's a trend toward bigger cars, rather than compact ones, with more advanced features. Think built-in navigation, Bluetooth capabilities, high-tech safety features, and more, which "certainly helps to move prices upward," Ivan Drury, a senior manager of industry analysis at Edmunds, tells CNBC to make it.
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