Will Car Interest Rates Drop In 2024 Usa

Will Car Interest Rates Drop In 2024 Usa. A key driver in the 2024 car market is the elevated interest rates, now hovering around 10% for new cars and exceeding 14% for used vehicles. New car average transaction prices are about 3% lower than the market peak in december 2022.

The us central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. A key driver in the 2024 car market is the elevated interest rates, now hovering around 10% for new cars and exceeding 14% for used vehicles.