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By 2028, the Market for Car Loans Is Projected to Grow to $3.60 Trillion

The car Finance Market was valued at USD 1.60 trillion in 2021 and is expected to reach USD 3.60 trillion by the year 2028, at a CAGR of 12.3%.

As Auto Loan Rates Rise, More People Are Having Trouble Making Their Payments

The average American pays north of $700 a month for their new car, an amount that continues to climb as interest rates on auto loans skyrocket.

Better Inventory Is Expected to Boost US Car Sales in the First Quarter

Top global automakers reported a rise in first-quarter U.S. sales on improving shipments to dealers, with the exception of Toyota Motor Corp, which continued to grapple with parts shortage, data showed on Monday.

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