new car purchases
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Jul 14, 2023 by David Friedberg · across every show →
Everything said about new car purchases, oldest first
Jul 14, 2023 neutral
Friedberg: 80% of new and 40% of used car purchases are financed
“So, 80% of new car purchases are financed, meaning you take out a loan to buy the car. 40% of used cars are financed, and interest rates on car loans, as you guys can see in this chart, in just the last year or so, interest rates have spiked from under four pe…”