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Edmunds

Auto Loan Payments, Rates Hit Record Highs

The average payment climbed to $717 in the fourth quarter of 2022, which is 50% higher than in 2010, according to Edmunds.

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Car-Buying Grabbing More Wallet Share

Report shows car loan amounts, down payments rising along with interest rates.

Auto Loans Follow Interest Rate Hikes

APR for new cars hits 3-year-plus high.

Toyota Crowned Auto Sales Leader

Toyota sold 2.332 million vehicles in the U.S. in 2021, compared to 2.218 million vehicles for General Motors.

Pent Up Demand to Boost 2022 New Car Sales

Edmunds predicts 15.2 million new cars sales in 2022, a 1.2% increase from its 2021 vehicle sales estimate.

General Motors Reveals Q2 Sales Rose 40% But Missed Analyst Expectations

GM reported sales of 688,236 vehicles in the second quarter, up 39.7% from 2019. But Edmunds and Cox Automotive had forecasted GM sales would rise 40% to 43%.

Auto Inventories Continue to Plummet

vAuto reports vehicle inventories dropped to 2.24 million vehicles in April, representing a 44-day supply.

Auto Loan Interest Rates Drop in May to Lowest Level Since 2013

According to Edmunds, car shoppers got to take advantage of generous incentives offered by automakers, but analysts caution that these deals will dry up during the summer.

Negative Equity on Vehicle Trade-Ins Hit All-Time High in April, According to Edmunds

Experts say consumers upside down on their car loans could take advantage of generous automaker incentives during the coronavirus pandemic to get a better interest rate and save thousands of dollars.

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New Vehicle Sales Continue Downward Slide in April, Edmunds Forecasts

Analysts say April will be the worst auto sales month in at least 30 years due to the coronavirus pandemic.

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