New-vehicle interest rates, prices climb in June | Auto Finance News | Auto Finance News

New-vehicle interest rates, prices climb in June

Photographer: Daniel Acker/Bloomberg

Interest rates and transaction prices on new vehicles have increased in June following a pullback from automakers on incentives.  The annual percentage rate (APR) on new cars averaged 4.2% in June, up from 4% in May, but down 10 basis points from April, according to data provider Edmunds. Interest rates remain historically low as the federal benchmark sits at a target range of 0% to 0.25%.  At the same […]

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