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Big Wheels: New-vehicle loan amounts fall 0.8% 

Amounts remained 25.5% higher than 2019 

Ash SavagebyAsh Savage
July 19, 2024
in Big Wheels
Reading Time: 2 mins read
0

Average loan amounts on new vehicles have fallen from peaks reported in September 2022 but are still elevated compared with 2019.  The average amount financed on a new vehicle landed at $38,740 in March, down 0.8% year over year and 3.5% compared with September 2022, when financed amounts peaked, according to the latest loan data […]

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