Thursday, May 11, 2023

Experian Automotive Talks Average Car Payments, Interest Rates And More On 'Auto Trends' Mother's Day Weekend


For those in the market for a new or preowned vehicle, tune in to Auto Trends with Mother's Day weekend. Melinda Zabritski, Experian Automotive's senior director, joins us to talk about the impact the Federal Reserve raising interest rates multiple times over the past year, as well as the average transaction of a new and preowned vehicle topping out near $50,000 and $33,000, respectively, has had on consumers when they finance or lease. Experian Automotive is a division of Experian credit.

We'll delve into the numbers looking at credit scores, credit tiers, interest rates, length of loans, car payments and delinquencies, comparing pre-pandemic to post pandemic. 

Moreover, Zabritski will discuss who is offering the best rates: banks, credit unions or the auto manufacturers lenders, also known as captives, no matter if you're purchasing from a new vehicle franchise or an independent dealership.

The program will air Saturday, May 13 thru Thursday, May 18. To tune in to both SiriusXM and our radio affiliates, click here.

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2023 Hyundai Elantra Hybrid Limited: The Brand’s Mileage Stretching Compact Sedan

  Highlight:  The roomy compact has a 550-mile to 594-mile driving range, depending on the hybrid trim. Test Vehicle's MSRP:  $30,305 ...