Can somebody ask Jonathan Smoke how making everything more expensive helps people dealing with everything being more expensive? We want to know exactly how confused we should be at the Fed.
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October 6, 2022
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％📈 September continued the trend of climbing auto loan rates.
🪜🪜 Average Used APR rose .14% to 10.25% while New only increased .06% to 6.2%.
🤑📆 Of course, customers paying over $1K monthly for their vehicle increased along with rates.
🛻🤠 In Wyoming and Texas, where heavy-duty trucks are popular, 20-25% of consumers pay over $1K a month.
