Auto Facts
 
 

 

Used Vehicle Rates
Posted on: 02/22/2019

 Ask yourself this: Did you ever think the average monthly payment on a used vehicle loan would be $407?   

Average interest rate on used-vehicle loans climbs in January
 
Interest rates on used vehicles financed in January rose more than 1 percentage point to an average of nearly 9 percent. The average loan term stayed relatively flat, while the average monthly payment, down payment and amount financed rose.
  Jan. 2019 Jan. 2018
Term (in months) 67.2 66.9
Monthly payment $407 $384
Amount financed $21,763 $21,084
APR 8.88 7.83
Down payment $2,614 $2,473
Source: Edmunds


The top 10 best selling light vehicles in January
Posted on: 02/04/2019

The top 10 best selling light autos sold in January 2019 as reported by Automotive News.  GM sales are estimated.

    Jan.
1 Ford F series 61,992
2 Chevrolet Silverado* 41,255
3 Ram pickup 34,889
4 Honda CR-V 29,152
5 Tesla Model 3* 28,000
6 Nissan Rogue 26,113
7 Toyota Corolla 25,113
8 Toyota RAV4 24,505
9 Toyota Camry 23,802
10 Chevrolet Equinox* 23,183


Top 10 best selling cars in January
Posted on: 02/04/2019

The top 10 best selling cars in January 2019 as reported by Automotive News.  GM sales are estimated. 

    Jan.
1 Tesla Model 3* 28,000
2 Toyota Corolla 25,113
3 Toyota Camry 23,802
4 Honda Civic 21,553
5 Honda Accord 18,786
6 Nissan Sentra 14,088
7 Nissan Altima 12,189
8 Ford Fusion 10,015
9 Hyundai Elantra 9,942
10 Chevrolet Malibu* 8,264


Top 10 light-truck sales
Posted on: 02/04/2019

The top 10 light truck sales in January 2019 as reported by Automotive News.  GM sales are estimated.

    Jan.
1 Ford F series 61,992
2 Chevrolet Silverado* 41,255
3 Ram pickup 34,889
4 Honda CR-V 29,152
5 Nissan Rogue 26,113
6 Toyota RAV4 24,505
7 Chevrolet Equinox* 23,183
8 Ford Explorer 19,310
9 Ford Escape 17,649
10 GMC Sierra* 17,573


Average used-vehicle payments rise in December
Posted on: 01/23/2019

In December the average amount financed on used vehicles increased to $22.207 from $21,613 in 2017.  Notice that the number of months financed, monthly payment, APR and down payment also increased.  

 
  Dec. 2018 Dec. 2017
Term (in months) 67.22 66.89
Monthly payment $413 $392
Amount financed $22,207 $21,613
APR 8.66 7.66
Down payment $2,683 $2,488
Source: Edmunds



 
 
 
 
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