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Home » Fed: Auto loan demand declines, new-car sales up

Fed: Auto loan demand declines, new-car sales up

Used-vehicle retail sales dipped 6% YoY in June

Amanda HarrisbyAmanda Harris
July 13, 2023
in Risk Management
Reading Time: 4 mins read
0
New cars for sale on a dealership lot

(Courtesy/ Can Stock Photo / MShake)

Auto loan demand slowed in June amid high interest rates, while sales continued to be mixed as some consumers opted for lower-priced vehicles and others shied away from purchasing completely.   The Federal Reserve System’s June edition of its Beige Book, based on data collected as of June 30, reports on the 12 Fed districts.  Affordability continued to […]

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Tags: Beige BookFederal Reservenew vehicle salesPremiumused vehicle sales
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