Want to Invest in the Hot Auto Sales Market? Buy Upstart Stock
According to data released by the U.S. Bureau of Labor Statistics, inflation increased at an incredible 7.5% year-over-year pace in January 2022, the biggest inflation increase in four decades. Used car prices made up the biggest leap, up 41.5% from a year ago. New vehicle prices were up 12.2%. Clearly, consumer demand for autos is sizzling right now.
Looking for a way to invest in booming auto sales? Financial technology darling Upstart Holdings (NASDAQ: UPST) could be your ticket. Here's what the company said to expect from its auto loan tech product for 2022.
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Source Fool.com
