Fed cut to influence vehicle affordability — eventually
Average new-vehicle loan rate was 9.6% in August
While the Federal Reserve cut the federal funds rate on Sept. 18, it will take time for the impact of that cut to touch automotive interest rates and prices and have a positive effect on consumer demand and affordability. The Fed’s 50 basis-point cut will eventually trickle down to vehicle prices and payments, Derek Hansen, […]
Already subscribed? Log in
