Your trusted source, always on top. Set us as your Preferred source on Google

Industry

Fed Cut Not Helping on Autos

Consumers with credit scores higher than 760 are securing average loan rates of 5.5% on new-vehicle loans and 7% on used-vehicle loans, well below the industry average, Cox says. - Pexels/Olia...

Already strong demand is making sector loan rates actually rise. That could combine with falling supply, production to cut sales.