Auto sales in March were up nearly 25% versus one year ago. General Motors sold enough cars to reclaim it’s title as the No 1 automaker. All these improvements could signal the curtain call for incentives and discounted loan offers.
Perhaps not all bets are off for a cheap car loan this summer – although Toyota broke it’s own record in March for 0% loans, it’s sales were only up 4%. Perhaps we can expect Toyota to offer discounts for the rest of summer in order to gain back customers and reputation after it’s massive recalls.
If you are in the market for a new or used vehicle, auto loan rates may be ready to start ticking up, start thinking about pulling the trigger.
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