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Edmunds Reports Interest Rates Push Auto Industry to a Tipping Point in October

November 5, 2018 By CollisionWeek Editor

Edmunds Auto Loan Interest Rates

As average transaction prices continue to rise and financing deals evaporate, Edmunds experts say consumers could be spending thousands more to finance new vehicles Tightening credit conditions continued to squeeze consumer wallets in October, according to the car shopping experts at Edmunds. The annual percentage rate (APR) on new financed vehicles averaged 6.2 percent in […]

Filed Under: News Tagged With: Interest Rates, New Vehicle Sales

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