Auto credit market remains competitive despite Fed interest rate hikes, dealers say

Banks are staying competitive by leveraging low-cost funds

General Motors Co. Chevrolet Colorado trucks are displayed at a car dealership in Tinley Park, Illinois, U.S., on Monday, Sept. 30, 2019.

Photographer: Bloomberg/Bloomberg

Competition in the credit market is heating up as banks and credit unions lean on low-cost deposits to keep auto interest rates low even as the Federal Reserve raises the benchmark interest rate. Banks and credit unions have been offering competitive interest rates in a credit market marked by rising interest rates as the Federal […]

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