$1,000 monthly payments on new vehicles reach record in Q1
Average monthly payments jump to $730
The share of consumers paying more than $1,000 per month for new vehicles reached a record high in the first quarter as auto loan interest rates hit the highest level since 2008 and pushed payments up. Consumers who financed new vehicles in Q1 are making a record average monthly payment of $730, up 11.3% year […]
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