Toyota Financial Services’ subvented financing rates pick up
48.1% of TFS’ financing volume was subvented in Q3
Subvented rates at Toyota Financial Services (TFS) picked up in the U.S. market in the third quarter amid the Federal Reserve raising interest rates to curb inflation and new-vehicle supply continuing to improve. Toyota Financial Services’ number of finance contracts with subvented rates totaled 167,000 in Q3, a 21.9% sequential increase and a 30.5% increase […]
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