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Home » Fed cut to influence vehicle affordability — eventually 

Fed cut to influence vehicle affordability — eventually 

Average new-vehicle loan rate was 9.6% in August

James Van BramerbyJames Van Bramer
October 3, 2024
in Risk Management
Reading Time: 4 mins read
0
Cars parked in a lot

(Photo/Canva)

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, […]

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