Interest rates remain low as vehicle sales recover | Auto Finance News | Auto Finance News

Interest rates remain low as vehicle sales recover

Photographer: Luke MacGregor/Bloomberg

The average annual percentage rate (APR) for new vehicles continues to decline and vehicle sales are expected to improve in July despite pandemic-spurred setbacks that started in mid-March, according to TrueCar ALG’s July sales forecast. The preliminary average APR on new cars in July sits at about 4.4%, down 20 basis points from June, Nick Woolard, director of OEM and Affinity Partner Analytics at TrueCar, told Auto Finance News. APRs fell to their lowest […]

Get Auto Finance News Premium for as low as $8 per week!

Start your free one week trial today for access to the latest industry news and trends.

Subscribe

Latest Magazine Issue
Sign Up Email List