Affordability concerns return as monthly payments increase
New-vehicle payments reach record high; used-vehicles surpass $400 for first time
Consumer affordability concerns have reawakened as monthly payments increase amid the auto industry’s continued recovery. March’s SAAR is forecast to hit 16.4 million units, a 53% year over year increase. Monthly new-vehicle loan payments hit a record high in the fourth quarter of 2020, coming in at $576, a $12 YoY increase, according to Experian. […]
Already subscribed? Log in
