Aaa car finance rates a 7

A 7.0% AAA car finance rate environment tends to shift retail investor flows away from car-related equities. Fund managers adjust sector weightings accordingly, anticipating muted consumer purchasing activity. The U.S. has had a rough year regarding natural disasters: 2024 alone saw a near-record 27 weather and climate events that racked up $1 billion in damages across the U.S. New this year, AAA launched an online Your Driving Costs Calculator . This tool enables consumers to determine the overall driving costs of a specific vehicle. When visiting the site, consumers can select their desired state, annual mileage and driving ratio that represents their normal driving habits, and vehicle year/make/model/trim. AAA car finance rates holding around 6.88% as of this week align closely with broader Fed rate policies. For equity traders, this data point is crucial for forecasting Q3 performance in credit-sensitive stocks, particularly in automakers and dealership groups.