Nearly 1 in 4 New-Vehicle Buyers in Q2 Stretched Loans to 84 Months or Longer, a Record According to Edmunds

Edmunds data indicates auto buyers are reducing down payments and financing record amounts, but are still paying record average monthly payments. This points to tighter affordability and increased leverage despite continued purchase activity, which is mildly negative for consumer credit health and auto demand durability.

Analysis

Edmunds data indicates auto buyers are reducing down payments and financing record amounts, but are still paying record average monthly payments. This points to tighter affordability and increased leverage despite continued purchase activity, which is mildly negative for consumer credit health and auto demand durability.