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Traditionally Stellantis buyers had lower credit scores, which increased their auto loan interest rates and limited their spending power, said Jessica Caldwell, head of industry insights for Edmunds.
The combination of higher interest rates and higher car prices, along with the biggest average loans ever taken out to buy them, lifted the average monthly car payment to $742 in October.
Changes are coming for the auto industry in 2025 both in the US and overseas. ... S&P Global Mobility projects US sales will hit a seasonally adjusted annual rate (SAAR) of 16.2 million units in ...
General Motors Financial Company, Inc. is the financial services arm of General Motors.The company is a global provider of auto finance, with operations in the United States, Latin America, Canada, Europe (which was sold to PSA Groupe and BNP Paribas following the sale of GM's core area businesses Opel and Vauxhall in a $2.2 billion deal), and China.
On 10 June 2009, Chrysler emerged from the bankruptcy proceedings with the United Auto Workers pension fund, Fiat, and the US and Canadian governments as principal owners. Fiat's initial purchase was a 20% stake; by January 2012, it grew to 58.5%.
For first-time car buyers, one of the most daunting parts of negotiating a good deal right now is interest rates.The average auto loan rate for someone with excellent credit is 5.25%, according to ...
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