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Bigger Tax Refunds Aren’t Changing How People Buy New Cars

by theadvisertimes.com
2 months ago
in Markets
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Bigger Tax Refunds Aren’t Changing How People Buy New Cars
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Tax refunds are bigger than ever, but car shoppers are not using the extra cash to splurge on new cars. The Internal Revenue Service indicated that early filers have seen an average refund amount of $3,804 through Feb. 20, according to data released Friday, Feb. 27. That’s up 10.2% from the average of $3,453 for the same time frame a year ago. But new data released by Cox Automotive shows 93%



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