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Cars Are Getting Too Expensive Due to High Loan Rates

To understand why buying a car has never been less affordable, Automoblog compiled data from industry sources.

New yorkUnited statesNorth carolinaMandy arledgeBureau of labor statisticsFederal reserveFederal reserve bankCarolina state employee credit unionVehicle affordability indexAverage car payments have increasedExperian stateFalling wholesale valuesUsed car prices remainInterest rates have risenAuto loan default rates continueLoan default rates continue

Negative equity surges: Millions of Americans now underwater on auto loans

Negative equity surges: Millions of Americans now underwater on auto loans
kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.

United statesNorth carolinaMandy arledgeEric ridleyConsumer financial protection bureauCarolina state employee credit unionFederal reserveConsumer price indexExperian stateAutomotive finance reportCox automotiveAssociate executive vice presidentNorth carolina state employee credit unionConsumer lendingManufacturer suggested retail priceDealertrack auto credit index

High car prices, loan rates fueling an affordability crisis in the auto industry

High car prices, loan rates fueling an affordability crisis in the auto industry
kvia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kvia.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesNorth carolinaMandy arledgeCarolina state employee credit unionFederal reserve bankBureau of labor statisticsFederal reserveVehicle affordability indexExperian stateFalling wholesale valuesUsed car prices remainLoan default rates continueNew york fedLow credit borrowers areAssociate executive vice president