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Fed hikes interest rate by 25 basis points amid inflation risks

The Federal Reserve s policy committee on Wednesday, pointing to "inflation risks," decided to raise rates by 25 basis points.

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How to afford your next vehicle

Most Americans depend on cars to get around, but recent data shows purchasing a new vehicle may now be out of reach for average earners.

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For auto retailers, pandemic-era profit boost in rear-view mirror

For auto retailers, pandemic-era profit boost in rear-view mirror
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Estimated Monthly Car Payments Hit All-Time High of $712 Amid Rising Interest Rates, Low Inventory

The monthly payments made by people who have purchased a new vehicle hit a record high in May, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI).

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Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022

Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022
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